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Barchart
Wajeeh Khan

UBER Stock Alert: Uber Just Upped Its Stake in Delivery Hero

Uber Delivery Hero Uber Technologies

Uber Technologies (UBER) is in the spotlight following a strategic announcement that it has more than doubled its ownership in food delivery giant Delivery Hero (DHER.D.DX).

The ride-hailing specialist has acquired additional shares and instruments from Prosus; its overall stake in DHER now sits at a whopping 19.5%, according to a press release on May 18.

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