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Uber Boosts Stake in Delivery Hero, Says No Takeover for Now

Uber Technologies Inc. has increased its stake in German food delivery company Delivery Hero SE, underscoring its ambitions to counter competition from DoorDash Inc. outside the US.

The headquarters of Delivery Hero SE in Berlin, Germany, on Sunday, Aug. 21, 2022. Delivery Hero is among the biggest gainers in the Stoxx Europe 600 Index this quarter, up 46% since June 30, as the company takes out some of investors’ most dire concerns one by one.
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