Uber Buys Aspex’s Stake in Delivery Hero After Takeover Offer

Uber Technologies Inc. bought out Aspex Management’s shares of Delivery Hero SE, boosting its stake to 36.83% as the ride-hailing company negotiates a deal to buy the German food-delivery platform.

Uber raised its voting rights attached to shares to 24.99%, with the remainder of the stake in instruments, Delivery Hero said in a regulatory filing on Wednesday. That is below a threshold that could trigger a mandatory offer. Uber paid just below €40 per share, according people familiar with the matter who asked not to be identified because the information wasn’t public.

Delivery Hero said on Saturday it ...