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Market Chatter: Uber Boosts Stake in Delivery Hero to 36.83% After Takeover Offer

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Uber Technologies (UBER) bought out Aspex Management's shares of Delivery Hero, boosting its stake in the company to 36.83% as it negotiates to buy the food-delivery platform, Bloomberg reported Wednesday, citing a Delivery Hero regulatory filing.

Uber's voting rights attached to shares increased to 24.99%, below a threshold that could trigger a mandatory offer, with the remainder of the stake in instruments, the report said, citing the filing. Uber paid just under 40 euros ($46.5) per share, the report said, citing people familiar with the matter.

On Saturday, Delivery Hero confirmed approach by Uber with respect to a potential takeover offer.

Uber didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $70.74, Change: $+0.62, Percent Change: +0.88%

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