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Uber Technologies is in advanced talks to acquire German food delivery company Delivery Hero, and an agreement on the deal is expected soon, as the company's valuation exceeds its last traded price of 36 euros per share. Following the news, Delivery Hero's stock rose by over 5%, while Uber's share declined by about 3%. Delivery Hero had previously received an offer from Uber at 33 euros per share in May, and the American company has increased its stake in the German firm to approximately 37%.
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