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Update: Uber in Advanced Talks Regarding Potential Takeover of Delivery Hero

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(Updates with confirmation of talks from Delivery Hero.)

Uber Technologies (UBER) is in advanced talks with Delivery Hero regarding a potential takeover of the German food-delivery company, Delivery Hero said on Tuesday.

A deal would likely value Delivery Hero well above its recent trading price of about 36 euros ($41.23) per share, Bloomberg News reported, citing people familiar with the matter.

Uber didn't immediately reply to requests for comment from.

Price: $73.16, Change: $-1.10, Percent Change: -1.48%

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