Uber Technologies Inc. has offered to take over Delivery Hero SE in a deal that would value the German delivery company at about €10 billion ($11.6 billion) as it seeks to ramp up competition with DoorDash Inc.

Uber and DoorDash have ​held exploratory ‌talks with investors in Delivery ​Hero ahead ​of a possible ⁠takeover bid, ​the Financial Times ​reported on Saturday.

Uber Technologies Inc. is exploring options for a full takeover of Delivery Hero SE, people familiar with the matter said, a move that would help it better compete with DoorDash Inc. outside the US.

Uber (UBER) and DoorDash (DASH) have held preliminary talks with investors of Delivery Hero SE (DELHY) ahead of a potential buyout proposal for the German food delivery group, The Financial Times reported on Saturday.

Uber is considering a full takeover of Delivery Hero and is working with advisers to increase its holdings, signaling potential expansion in the food delivery sector. How might the Equity Residential and AvalonBay merger affect the U.

Uber (UBER) stock is in focus as the company offers to buy rival Delivery Hero (DELHY) in a deal valued at €33 per share. Read more here.