had fallen through, with the talks having collapsed due to issues concerning pricing. However, German multi-national online food ordering and food delivery company Delivery Hero, which owns the foodpanda brand, denies that discussions had collapsed.
“There are market rumours that the negotiations for the potential sale have collapsed. We confirm that the negotiations for the potential sale are ongoing,” Delivery Hero said via a statement. Last September, Delivery Hero said it was in negotiations to sell the foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos. Malaysia, Philippines and Thailand. While the Asia business is Delivery Hero’s largest market, growth has dropped since pandemic lockdowns eased, and the company was said to be looking to focus on profitability following years of heavy investment.
At that point, it did not disclose the potential suitor, but German business magazine Wirtschaftswoche indicated that Grab, which previously took overreported that China’s Meituan was exploring a potential acquisition of foodpanda in these markets, and had held talks with Delivery Hero regarding the matter.in the p-hailing segment.
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