Uber Eats to Buy Foodpanda Taiwan Business From Delivery Hero
Bloomberg - 2024-05-14T03:20:28.804Z

Uber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million, shoring up its control of a key Asian market as it seeks to expand in the region.

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Uber Eats to acquire Delivery Hero's foodpanda delivery business in Taiwan – Delivery Hero
Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
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- 2024-05-14T05:53:32.964Z
Uber Eats to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan
SAN FRANCISCO & BERLIN, May 14, 2024--Uber Technologies, Inc. (NYSE: UBER) and Delivery Hero SE (FSE: DHER) have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda Taiwan is subject to regulatory approval and other customary closing conditions and is targeted to close in the first half of 2025. Separately, the companies have also entered into an agreement for Uber to purchase $300 million in newly
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- 2024-05-14T03:05:00.000Z
Uber to buy Delivery Hero's Foodpanda business in Taiwan for $950 million
Ride-hailing company Uber will acquire Delivery Hero's Foodpanda branded takeaway business in Taiwan for $950 million in cash, the companies said on Tuesday. Germany's Delivery Hero plans to additionally issue 8.42 million new ordinary registered shares which Uber has agreed to purchase for $300 million, the two companies said. Following the move, Uber would hold around 2.98% of the Delivery Hero's new share capital. The companies aim to complete the transaction by the first half of 2025, they...
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- From ETtech.com
- 2024-05-14T03:59:00.000Z

In related news

Uber Eats to acquire Delivery Hero's foodpanda delivery business in Taiwan – Delivery Hero

Uber Eats to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan

Uber to buy Delivery Hero's Foodpanda business in Taiwan for $950 million