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Market Chatter: Uber Technologies Weighing Full Buyout of Delivery Hero

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Uber Technologies (UBER) is evaluating options for a complete buyout of Delivery Hero, Bloomberg reported Friday, citing sources familiar with the matter.

The ride-sharing firm is partnering with financial consultants to explore expanding its ownership after recently increasing its position in the Frankfurt-traded entity, while also contacting other stakeholders regarding potential interest, the media outlet reported.

Delivery Hero said Monday Uber has acquired additional shares and instruments, and now owns 19.5% of the issued capital, with a further 5.6% in options. Morgan Stanley (MS) has helped Uber to build its stake using derivatives, according to the report.

Uber mentioned this week that it does not intend to increase its ownership to 30% or higher at this time, but reviews its portfolios routinely for favorable opportunities, Bloomberg reported.

Uber, Delivery Hero, and Morgan Stanley did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $72.63, Change: $-0.98, Percent Change: -1.33%

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