Delivery Hero rises after Uber launches takeover offer

• Germany's Delivery Hero DHER.DE is up 2.5% in early Frankfurt trade after Uber UBER.N launched a $14.8 billion takeover offer
• Uber will pay €41.5 ($47.6) per co share, valuing the German food delivery company at around $14.8 billion
• The offer represents a roughly 34% premium on Delivery Hero's three-month volume-weighted average share price prior to the takeover announcement
• Co's major shareholder Prosus PRX.AS has agreed to sell its stake of just under 17%, Uber said
• Delivery Hero's stock gained around 67% YTD as of Wednesday's close

($1 = 0.8720 euros)