Delivery Hero

Uber agrees to buy an additional 4.5% stake in German food delivery rival Delivery Hero from Prosus for ~€270M, which would bring Uber's total stake to ~7%

German delivery group's largest shareholder Prosus has agreed to reduce its stake over EU competition concerns

Singapore-based Grab agrees to buy Delivery Hero's Foodpanda operations in Taiwan for $600M in cash, its first foray outside of its Southeast Asian home market

Grab Holdings Ltd. agreed to buy Delivery Hero SE's Foodpanda operations in Taiwan for $600 million, a deal that marks its first foray outside of its Southeast Asian base.

Delivery Hero says Uber has terminated its $950M deal to acquire Foodpanda in Taiwan and will pay a ~$250M termination fee after Taiwan's FTC blocked the deal

Delivery Hero plans to merge two of its European businesses, Foodora and Yemeksepeti, with its Asian business, Foodpanda, and cut fewer than 200 employees

Michael Hennessey / Bloomberg :

Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards

Yasemin Craggs Mersinoglu / Financial Times :

Delivery Hero will acquire a ~39.4% majority stake in Spanish delivery app Glovo, valuing Glovo at €2.3B

Sabahatjahan Contractor / Reuters :

Delivery Hero says it will exit its food delivery business in Germany after seven months and divest its Japanese operations

- Company scales back after re-entering home market this year  — Japan business divestment planned for first quarter of 2022

GS Retail-led consortium to buy South Korean food delivery app Yogiyo for $685M; Delivery Hero sold Yogiyo to meet regulatory requirements for acquiring Woowa

GS Retail-led consortium to buy South Korean food delivery app Yogiyo for $685M; Delivery Hero sold Yogiyo to meet regulatory requirements for acquiring Woowa

SEOUL (Reuters) - South Korea's GS Retail Co Ltd said on Friday it had partnered with two private-equity firms …

Delivery Hero agrees to sell its existing business in South Korea after antitrust regulators mandated it before its $4B takeover of Woowa Brothers could proceed