Delivery Hero Sells $97 Million Stake in Deliveroo

Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. The Berlin-based company announced the $97 million sale of its 68 million shares in a news release Monday (Jan. 29), with the sale expected to settle Thursday (Feb. 1). “Following settlement, the company will not hold any remaining shares in Deliveroo,” the release said. …

Delivery Hero shares sink as investors cash in on strong sales

Shares trade almost 12% lower CEO does not expect inflation to hit demand Say no interest in buying Grubhub Q1 revenues up 52% at 2.1 billion euros April 28 (Reuters) – Delivery Hero’s (DHER.DE) shares slumped on Thursday as investors appeared to cash in on strong first-quarter results from the German online takeaway food company, whose business …

Why Delivery Hero is acquiring a majority stake in Spanish delivery company Glovo

Germany’s Delivery Hero is set to become Glovo’s majority shareholder following a deal to acquire an additional 39.4% stake of the Spanish delivery startup, of which it already held 44%. We learned of the deal over the holidays, but you’ll be excused if you missed the news when it broke — the deal was announced on December 31 after 11 …

Deliveroo shares rise after German rival takes stake in the business

LONDON – Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival Delivery Hero has taken a 5.09% stake in the business. The firm’s stock climbed from £3.36 ($4.66) per share to £3.60 per share in early deals on the London Stock Exchange Monday, reaching their highest point since trading began in …

The Delivery Hero-Woowa Bros. Merger Faces Antitrust Hurdles

The proposed $4 billion merger between Berlin, Germany-based Delivery Hero and South Korea’s Woowa Brothers now faces regulatory hurdles around antitrust concerns, according to The Korea Herald. Some South Korean lawmakers have gone as far as to request the deal get scrapped on the grounds that it is anti-competitive. In response, South Korea’s antitrust watchdog, the …

Delivery Hero to Acquire South American Delivery Firm Glovo

In yet another big consolidation for the global food delivery industry, Delivery Hero is set to acquire Latin- and South-American delivery network Glovo for about $268 million. The deal would mark the second large delivery acquisition by the German-based delivery firm in as many months. The company also announced plans to acquire InstaShop, an online …

Uber could lose its Grubhub deal to Just Eat or Delivery Hero

According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero. Both are European companies perhaps looking for a major entry to the United States market. Just Eat Takeaway is based in the U.K. and Holland, while Delivery Hero  is based …

Grubhub has two new suitors, Just Eat Takeaway and Delivery Hero, as Uber stalls

Grubhub has received interest from at least two European companies — Delivery Hero and Just Eat Takeaway.com — as potential acquirers, according to people familiar with the matter. A deal with a European buyer would likely be an easier sell to regulators. Uber’s talks with Grubhub continue and could still strike a deal to buy …

DELIVERY HERO DELIVERED 71M ORDERS IN OCTOBER OVERTAKING UBEREATS AS THE LARGEST FOOD DELIVERY PLATFORM OUTSIDE CHINA

When you’re talking about European outliers, especially in Berlin, it’s impossible to not name Delivery Hero, their meteoric rise did lots to really show what could be built here and especially in Berlin. Successes of such magnitude go a long way in creating critical mass and narrative that attracts inward investment and acts as a …

Zomato to sell UAE food delivery business for $172 million

(Reuters) – Zomato Media Pvt Ltd will sell its UAE food delivery business to Germany’s Delivery Hero Group for about $172 million, Zomato’s second-largest shareholder Info Edge (India) Ltd said on Monday. Zomato and Naspers-backed Delivery Hero will then enter services agreements under which Zomato will continue to run the business on its own platform …