According to informed sources, Uber's board of directors convened a meeting on Saturday to deliberate on raising its acquisition bid for the German food delivery company Delivery Hero. This development follows the rejection of an earlier offer exceeding €11.5 billion (approximately $13.39 billion) by a major shareholder of Delivery Hero.

Sources indicated that the board meeting was held to review the latest developments regarding the acquisition proposal.

Delivery Hero confirmed on Saturday that it had received an acquisition offer from its competitor Uber, valuing the company at €33 per share. It was reported that Uber's CEO, Dara Khosrowshahi, flew to Oslo this week to meet with Kristin Skogen Lund, the Chairwoman of Delivery Hero's Supervisory Board, and presented the €33 per share offer.

Reports suggest that Uber recently made an offer of €38 per share to a significant shareholder of Delivery Hero, which was turned down. This bid represented a premium of approximately 15.3% over Delivery Hero's closing price last Friday.

Sources mentioned that Uber is currently evaluating whether to further increase its acquisition offer.

Several shareholders of Delivery Hero have also expressed their expectation for an acquisition price exceeding €40 per share for the entire company. Additionally, it has been reported that DoorDash has been monitoring Delivery Hero and has made inquiries to its shareholders, although it has not acquired any shares to date.