Prosus N.V. is trading 9% up at €42.59 following reports of Uber’s €10 billion takeover bid for Delivery Hero and speculation that Prosus may increase its stake to block the deal.
- Market participants are weighing reports that Prosus might increase its holding in Delivery Hero to prevent the acquisition rather than selling its existing stake.
- The rally is further supported by the company's continued execution of its large-scale share repurchase programme.