Delivery Hero says founder Niklas Östberg will step down as CEO by March 2027, as the German food delivery group faces mounting pressure from activist investors
Founder Niklas Östberg will leave German food delivery group by next March — Delivery Hero founder Niklas Östberg …
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.
The EU Commission fines European takeaway groups Delivery Hero and Glovo €329M for taking part in an “online food delivery cartel”, ending its July 2024 probe
European Commission says European food delivery groups shared trade secrets — Roula Khalaf, Editor of the FT …
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
A look at Delivery Hero, profitable since late 2023, as it focuses on the Middle East and Asia while cutting costs and shedding units across 70+ countries
Yazhou Sun / Bloomberg :
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 :
The EU opens an in-depth investigation into Delivery Hero and its Spanish subsidiary Glovo to determine if they may have illegally colluded with each other
Samuel Stolton / 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 :
Three European food delivery stocks, Delivery Hero, Just Eat, and Deliveroo, lost a combined $23.7B, more than half their market value, in the first quarter
Henry Ren / Bloomberg : Tweets: @ivanlevingston and @business Tweets: Ivan Levingston / @ivanlevingston : Brutal quarter for Europe's food delivery companies, especially Delivery Hero https://twitter...