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Glovo splurges $208M on three Delivery Hero brands in the Balkans

The high stakes game of chess (or, well, consolidation chicken) that is on-demand food delivery rolls on today with a little more territorial swapping in Europe: Barcelona-based Glovo has agreed to buy three of Berlin-based Delivery Hero's food delivery brands in Central and Eastern Europe with deals that it said are worth a total value of €170 million (~$208M). There's some notable symmetry here: Last year Delivery Hero shelled out $272M for a bunch of Glovo's LatAm brands, as the latter gave up on a region it had already started withdrawing from in its quest for profitability. ....

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Glovo splurges $208M on three Delivery Hero brands in the Balkans – TechCrunch

The high stakes game of chess (or, well, consolidation chicken) that is on-demand food delivery rolls on today with a little more territorial swapping in Europe: Barcelona-based Glovo has agreed to buy three of Berlin-based Delivery Hero’s food delivery brands in Central and Eastern Europe — with deals that it said are worth a total […] ....

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Glovo splurges $208M on three Delivery Hero brands in the Balkans – TechCrunch – Bestgamingpro

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The excessive stakes recreation of chess (or, nicely, consolidation hen) that’s on-demand meals supply rolls on at the moment with slightly extra territorial swapping in Europe: Barcelona-based Glovo has agreed to purchase three of Berlin-based Supply Hero’s meals supply manufacturers in Central and Jap Europe with offers that it mentioned are price a complete worth of €170 million (~$208M).
Particularly, it’s selecting up Supply Hero’s foodpanda model in Romania and Bulgaria; the Donesi model in Serbia, Montenegro, Bosnia and Herzegovina; and Pauza in Croatia.
There’s some notable symmetry right here: Final yr Supply Hero shelled out $272M for a bunch of Glovo’s LatAm manufacturers, because the latter gave up on a area it had already began withdrawing from in its quest for profitability. ....

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Glovo splurges $208M on three Delivery Hero brands in the Balkans

Glovo splurges $208M on three Delivery Hero brands in the Balkans
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Spanish delivery startup Glovo hit by cyber attack

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