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Uber To Acquire Foodpanda Owner Delivery Hero In US$14.8 Billion Deal
Uber has officially launched its long-rumoured takeover of Delivery Hero, confirming a cash offer valued at approximately US$14.8 billion (~RM60.3 billion). The announcement follows earlier reports that the ride-hailing giant was in talks to acquire the German food delivery company, which owns and operates the Foodpanda brand across multiple markets, including Malaysia.
On that note, Foodpanda Malaysia has yet to issue any statement regarding the acquisition. Uber has indicated that Delivery Hero’s existing brands and operations will continue under their current identities until the transaction is completed and any future changes are announced.
Uber has officially launched its long-rumoured takeover of Delivery Hero, confirming a cash offer valued at approximately US$14.8 billion (~RM60.3 billion). The announcement follows earlier reports that the ride-hailing giant was in talks to acquire the German food delivery company, which owns and operates the Foodpanda brand across multiple markets, including Malaysia.
On that note, Foodpanda Malaysia has yet to issue any statement regarding the acquisition. Uber has indicated that Delivery Hero’s existing brands and operations will continue under their current identities until the transaction is completed and any future changes are announced.
