Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 per share.

The ride-hailing giant this week disclosed it had boosted its stake in Frankfurt-listed Delivery Hero. It’s working with advisers to study ways to increase its holding further,…

" ... clear endorsement of the strategic attractiveness of Delivery Hero's asset base for Uber."

Delivery Hero said last week its U.S. rival had increased its holding to about 19.5% of issued capital from roughly 7%, becoming its largest shareholder. The stake is worth…