Uber increases Delivery Hero stake, nearing takeover

Uber Technologies has significantly boosted its investment in Delivery Hero, acquiring a substantial stake from Aspex Management. This strategic move brings Uber closer to a potential full takeover of the German food delivery company. The increased shareholding not only enhances Uber's ownership but also raises its voting rights, signaling a strong intent to consolidate its position in the competitive food delivery market. This development is a key step in Uber's ongoing negotiations and pursuit of acquiring Delivery Hero.