Uber raises stake in Delivery Hero ahead of fresh bid, sources say

Uber has raised its stake in Germany’s Delivery Hero to nearly 37% from 25% after buying a stake from fellow shareholder Aspex Management, ‌according to ⁠regulatory ⁠filings and two people close to the matter.

The deal with Aspex comes as Uber is working on a new bid to take over the German food delivery company following an indicative €33-per-share ($38.29) proposal on Saturday, two separate sources said on Thursday, speaking on condition of anonymity because the talks are private.

Delivery Hero declined ⁠to comment.