Uber expands Delivery Hero stake

The transaction was driven by European competition regulators, who required Prosus to reduce its stake in Delivery Hero following its separate acquisition of Just Eat.

This strategic move allows Uber to strengthen its foothold in the competitive European delivery market while helping Prosus comply with antitrust remedies.

Analysts suggest the consolidation reflects a broader trend of major players seeking scale as the industry faces rising operational costs and slowing growth.

Delivery Hero shares saw a modest lift following the announcement of the deal.