Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have covered Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos. According to an announcement on...
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...
The European Commission said Tuesday (Nov. 21) that it has carried out unannounced inspections at the premises of companies involved in the online ordering and delivery of food, groceries and other consumer goods in two Member States. These inspections are part of an investigation into...
With aggregators increasingly operating at a profit, those that are not may get left behind. In the past couple of quarters, Just Eat Takeaway.com has been making a profit for the first time since lockdown, even as sales have fallen. The company discussed this turnaround...
January 10, 2022
The connected economy is a hyper-competitive battlefield — no matter where you look. In some countries and regions where super apps are gaining ground, some strategic re-positioning by platform giants gives an indication of just how competitive things are getting. To that end, March 7 looms as a red-letter day for platforms in the region. […]
April 01, 2024
A now-abandoned deal between two food delivery giants got the attention of Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said Monday (April 1) that it opened an investigation into Singapore-based delivery/ride-hailing giant Grab Holdings’ plans to acquire Delivery Hero’s business in Southeast Asia. “At the time, CCCS had reason to suspect that the possible transaction might result […]
February 22, 2024
Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have...
January 30, 2024
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....
November 21, 2023
The European Commission said Tuesday (Nov. 21) that it has carried out unannounced inspections at the premises of companies involved in the online ordering and delivery of food, groceries and...
