Uber raises Delivery Hero stake

The transaction follows Prosus's need to reduce its stake in Delivery Hero to satisfy EU competition concerns following its acquisition of Just Eat.

For Uber, the move represents a strategic expansion of its influence in the global delivery market as it seeks to consolidate its position against regional competitors.

The deal is expected to be finalized by May, pending final regulatory approvals.

This maneuver highlights the ongoing consolidation and complex ownership structures within the highly competitive food-tech sector.