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EQS-News: Delivery Hero SE
/ Key word(s): Mergers & Acquisitions/Disposal
Uber ends acquisition agreement of Delivery Hero’s Taiwan foodpanda business Berlin, March 11, 2025 – Delivery Hero SE (“Delivery Hero,” the “Company,” or the “Group”), the world’s leading local delivery platform, confirms that Uber Technologies, Inc. (“Uber”) has decided to terminate the agreement to acquire Delivery Hero’s foodpanda business in Taiwan. This follows the decisions of local regulatory authorities, including the Taiwan Fair Trade Commission (“TFTC”), not to approve the deal, and the expiration of the relevant appeal period. Under the agreement signed on May 14, 2024, Uber is required to pay a termination fee. The final amount, calculated based on several variables, is estimated to be about USD 250 million. Taiwan remains a key part of Delivery Hero’s long-term strategy. The Company remains focused on supporting foodpanda’s position in Taiwan as it continues to deliver amazing experiences to its customers, riders, and vendors. ABOUT DELIVERY HERO Delivery Hero is the world’s leading local delivery platform, operating its service in around 70 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX stock market index. For more information, please visit MEDIA CONTACT Corporate & Financial Communications
Investor Relations
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.
11.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Delivery Hero SE |
| Oranienburger Straße 70 | |
| 10117 Berlin | |
| Germany | |
| Phone: | +49 (0)30 5444 59 105 |
| Fax: | +49 (0)30 5444 59 024 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000A2E4K43 |
| WKN: | A2E4K4 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange |
| EQS News ID: | 2099012 |
| End of News | EQS News Service |
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2099012 11.03.2025 CET/CEST
