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

📆 5/14/2024 3:56 AM
📰 YahooFinanceCA

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Delivery Hero News

Uber Eats,Foodpanda

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...

-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.

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Uber Eats to Buy Foodpanda Taiwan Business From Delivery HeroUber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Activist Sachem Head Set to Get Delivery Hero Board Seat After Building StakeDelivery Hero SE has struck a deal with Sachem Head Capital Management to nominate the activist investor’s managing partner Scott Ferguson to its supervisory board, after the firm built a 3.6% stake in the food delivery company.
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