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 …
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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 …
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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 …
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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 …
Continue reading “The Delivery Hero-Woowa Bros. Merger Faces Antitrust Hurdles”
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 …
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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 …
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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 …
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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 …
(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 …
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A few days after Uber Eats announced it would withdraw completely from Austria, another food delivery service, Foodora, shares the same message. But the Delivery Hero-owned company disappears from Austria, because the parent company focuses on its other food delivery service, Mjam, instead. Last Thursday, Uber Eats said it would completely withdraw from the online delivery market …
