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Keywords: Delivery Hero
Shares of Delivery Hero climbed sharply on Monday after reports emerged that Uber had submitted an indicative acquisition proposal for the German-based delivery group. The news pushed Delivery Hero’s stock price to its highest level in approximately eighteen months, reflecting growing investor......
Major food delivery companies Uber and DoorDash are reportedly exploring the possibility of a takeover bid for German delivery platform Delivery Hero as competition intensifies in the global food delivery sector. According to financial media reports, the two American companies have initiated preliminary......
Activist investor Aspex Management has increased its stake in German food delivery company Delivery Hero to around 15%, strengthening its influence over the company and increasing pressure on Chief Executive Officer Niklas Oestberg. The move follows the purchase of a 5% stake from technology investment......
Italy’s competition authority has launched investigations into the Italian operations of food delivery platforms Glovo and Deliveroo over alleged misleading claims regarding the treatment of delivery riders. The probe also involves Glovo’s parent company Delivery Hero SE, which controls......
Dutch technology investor Prosus is reportedly exploring the possibility of selling a portion of its stake in the German food delivery company Delivery Hero. According to sources familiar with the matter, the company is considering offloading approximately 10% of its shares to Hong Kong-based investment......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and......
In a landmark shift, Spanish delivery platform Glovo has announced plans to hire its delivery workers directly, moving away from its previous model of using self-employed riders. This significant decision, revealed on Monday, will impact Glovo’s operations across over 900 cities in Spain and apply......