Uber's board met to discuss increasing its offer for Delivery Hero after a major shareholder rejected a bid valuing the German firm at over 11.5 billion euros. Uber CEO Dara Khosrowshahi previously offered 33 euros per share, but a larger shareholder was rebuffed with a 38 euros per share proposal.

The ride-hailing giant this week disclosed it had boosted its stake in Frankfurt-listed Delivery Hero. It’s working with advisers to study ways to increase its holding further,…

Uber Technologies is exploring options for a full takeover of Delivery Hero SE, a move that would help it compete with DoorDash. Read more.

Delivery Hero said last week its U.S. rival had increased its holding to about 19.5% of issued capital from roughly 7%, becoming its largest shareholder. The stake is worth…

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