Talabat's share rises in Dubai amid progress in Uber's potential acquisition of Deliveroo
Reports indicate that German company Delivery Hero is in advanced talks with Uber Technologies regarding a potential acquisition offer for all its shares. Following this news, the "Talabat" stock increased by up to 2.5% on the Dubai Financial Market, driven by the company's confirmation of entering negotiations and investor reactions to the possibility of control shifting to Uber. Estimates suggest that the potential offer could raise Delivery Hero's valuation to more than 12 billion euros. Meanwhile, its stock rose by over 5% after the news, while Uber's stock declined by approximately 3%.
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