Uber becomes top shareholder in Delivery Hero, Baemin parent

Uber has become the largest shareholder in the parent company of Woowa Brothers, operator of the South Korean food delivery app Baemin, after acquiring an additional stake.

Germany-based Delivery Hero said Monday that Uber had acquired additional shares, raising its holding from around 7 percent to 19.5 percent of issued capital, as well as options to obtain an additional 5.6 percent stake. “Delivery Hero welcomes Uber’s additional investment as a further endorsement of its platform and Everyday