Uber’s Delivery Hero stake surpasses takeover threshold
Uber has raised its stake in Delivery Hero to 36.83% after buying shares from Aspex Management, a regulatory filing showed, as the companies discuss a potential deal. Delivery Hero said Uber holds 24.99% of voting rights, with the rest through instruments, keeping it below Germany’s mandatory offer threshold. Sources said Uber paid just under EUR40 per share, above its previously disclosed indicative EUR33 per-share approach. (Bloomberg)
