May 6 (Reuters) – Uber (UBER.N), opens new tab said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business. The stake purchase from Turkish e-commerce firm Trendyol …
Tag Archives: Europe
DoorDash to acquire Deliveroo for $3.9B
Four years after entering Europe through its $8 billion Wolt acquisition, DoorDash will add nine additional countries to its footprint with this deal. Dive Brief: Dive Insight: This deal will make DoorDash an international delivery powerhouse. Last year, DoorDash and Deliveroo had a combined gross order value of about $90 billion. Comparatively, Uber had about $75 …
DoorDash, UK’s Deliveroo serve up $3.9 billion deal to take on rivals
(Reuters) -U.S. meal delivery firm DoorDash will buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.85 billion), the companies said, banking on a bigger reach and local expertise to take on competition. The groups rekindled talks last month after DoorDash approached Deliveroo with a 180 pence per share proposal, …
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British Food Delivery Firm Deliveroo’s Stock Soars on DoorDash Acquisition Offer
KEY TAKEAWAYS Shares of Deliveroo soared in London trading Monday after the British food delivery firm said it had received an “indicative proposal” from DoorDash (DASH) to be acquired for 180 pence ($2.40) a share, or roughly 2.72 billion pounds ($3.63 billion). Deliveroo shares surged 17% in London to 171.9 pence. Shares of DoorDash, which has until …
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Former GrubHub Owner Just Eat Takeaway Bought In $4.2 Billion Deal
Former GrubHub owner and food delivery business Just Eat Takeaway has been acquired up by a backer of German rival Delivery Hero for $4.2 billion Just Eat’s board unanimously approved the takeover by the South African-owned internet investor Prosus, just two months after it left the London Stock Exchange. And the all-cash deal comes six …
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Wolt acquires eMAG’s delivery platform Tazz in Romania
Tazz, one of the most important delivery platforms in Romania, part of the eMAG group, announced the signing of an agreement regarding the acquisition of its social parts by Wolt, a Helsinki-based technology company with operations in 28 countries. With a team of over 12,000 people, Wolt is owned by DoorDash in the United States …
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Tazz will be acquired by Wolt, a commerce platform of Finnish origin with operations in 28 countries
Tazz, one of the most important delivery platforms in Romania, part of the eMAG group, announces the signing of an agreement regarding the acquisition of its social parts by Wolt, a local commerce platform of Finnish origin with operations in 28 countries. The acquisition is expected to close in the next few months, subject to …
Just Eat Takeaway.com announces intention to cease operations in France
Just Eat Takeaway.com has made the difficult decision to propose the closure of all operations in France, subject to consultation. This reflects the business’ commitment to drive efficiencies and focus on building strong and sustainably profitable positions. While financial details have not been disclosed, the size of Just Eat in France represents a small part …
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EU to treat 5.5 million Deliveroo, Uber Eats, Bolt and other gig economy workers as employees after Belgium breaks deadlock
European Union countries reached a compromise Monday that breaks a logjam on planned rules over workers’ rights in the gig economy by keeping the most important decisions in the hands of member states. The agreement marks a turning point in the EU’s years-long efforts to set clearer employment rights for millions of delivery couriers and …
Couriers for Uber Eats, Bolt/ Glovo threaten biggest ever stoppage
Delivery workers employed by platforms Uber Eats, Bolt and Glovo are threatening to strike again this month. According to reports, they are planning “the biggest ever stoppage”. This is an dispute that affects urban areas much more than regions like the Algarve/ Alentejo. It has come about due to ‘poor working conditions/ low pay’ in a sector that tends …
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