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INSANE: Delivery hero | Vintage Vibes

Uber ups stake in Delivery Hero in £235 million deal

Just Eat Takeaway’s owner Prosus is selling its stake in Delivery Hero to appease EU competition concerns.

Evening Standard

Grab expands to Taiwan, its first non-Southeast Asian market, with $600 million Foodpanda deal

Grab CEO Anthony Tan calls Taiwan a “natural next step” as the superapp enters a high-growth, dense market.

Fortune

Sam Altman should take Niklas Östberg’s number—what the Delivery Hero founder doesn’t know about taking a company public and handling grumpy shareholders isn’t worth knowing

A founder-CEO who rode out shareholder backlash, Niklas Östberg’s journey at Delivery Hero shows how long-term conviction can survive—and even thrive—on the public markets.

Fortune

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read the most diverse news in one place.

Cappuccino for €2.50? Affordable café chain LAP divides Berlin over coffee prices

An ambitious start-up is antagonising café owners with cheap €2.50 coffee. What began as start-up hype has turned into an open conflict in the coffee scene - with tangible consequences.

Euronews

Just Eat £3.6bn takeover by Prosus wins green light from EU watchdogs

The European Commission said new conditions to the tie-up will protect consumer choice when it comes to ordering food at home.

The Independent UK

EU clears €4.1bn Just Eat takeover but prevents food delivery mega-merger

Brussels approves Naspers’ takeover of Just Eat Takeaway.com but orders Delivery Hero’s owner to sell down rival shares to safeguard competition in Europe’s food delivery market.

Euronews

EU antitrust fines food delivery giants in landmark cartel case

The investigation marks the first-ever EU antitrust case involving a minority shareholding, as well as the first enforcement of EU competition rules concerning labour markets.

Euronews

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Prosus launches £3.4bn takeover offer for Just Eat in deal ‘milestone’

Prosus is set to become the fourth largest food delivery group in the world following the takeover.

Evening Standard

Foodpanda delivery service to exit Thailand

Foodpanda will stop operating its platform, food and grocery delivery services in Thailand on May 23, its parent company Delivery Hero announced on Wednesday.

Bangkok Post

Deliveroo to quit Hong Kong after nine years

The group has agreed the sale of some parts of the business to Delivery Hero’s Singapore-based Foodpanda and will close the remaining operations.

The Independent UK

Just Eat Takeaway.com bought by South Africa’s Prosus in €4bn deal

Food delivery group’s board approves takeover by investor in German rival Delivery Hero

The Guardian - UK

Delivery Firm Glovo Riders In Spain To Become Employees

App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.

International Business Times

EU Opens Probe Into Possible Online Food-delivery Cartel

The EU launched an investigation on Tuesday to determine whether online food-delivery companies Delivery Hero and Glovo engaged in anti-competitive practices.

International Business Times

Comparing 2024 Growth in Uber (UBER) vs. Lyft (LYFT)

The tech industry is witnessing steady growth amid the growing popularity of cloud-based software and the escalating popularity of ride-hailing services. In such a scenario, let’s evaluate the growth potentials of two key players in this space: Uber Technologies (UBER) and Lyft (LYFT). Read on….

StockNews.com

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International Business Times

Uber To Buy Delivery Hero's Foodpanda In Taiwan For US$950 Mn

The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.

Bangkok Post

Line Man in talks to acquire Foodpanda in Thailand

Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions.

The Independent UK

Dubai delivery workers go on second rare strike this month

Food-delivery workers across Dubai are protesting meager pay and inadequate protections and have walked off the job across the city

Evening Standard

City comment: Could Deliveroo be a tasty takeout target at this price?

Poor old Deliveroo - another week, another new low for the share price.

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