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Berlin (Reuters) - Delivery Hero said on Tuesday it would roll out its food and grocery delivery services in more German cities this autumn, heating u. ....
South Korea says Delivery Hero must sell unit for US$4b Woowa deal approval businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
[SEOUL] South Korea's antitrust regulator said on Monday Delivery Hero must sell its South Korean subsidiary to win approval for a US$4 billion takeover of Woowa Brothers that would have given it a near monopoly in the country's food delivery market. Read more at The Business Times. ....
BW Businessworld South Korea Makes Unit Sale Condition For Delivery Hero s $4 Billion Woowa Deal Berlin-based Delivery Hero agreed last year to buy Korea s top food delivery app owner Woowa as it expands in Asia s fast-growing but crowded market. For Woowa, the buyout is a lifeline in an intensely competitive market. Photo Credit : South Korea s antitrust regulator said on Monday Delivery Hero must sell its Yogiyo subsidiary to win approval for a $4 billion takeover of Woowa Brothers that would have given it a near monopoly in the country s food delivery market. The ruling from the Korea Fair Trade Commission (KFTC) is a setback for consolidation in the world s third-largest online food delivery market, although it was not immediately clear if it will scupper the deal as the market dominance of Woowa s No. 1 app is significant even without the subsidiary. ....
South Korea makes unit sale condition for Delivery Hero s US$4 billion Woowa deal Toggle share menu Advertisement South Korea makes unit sale condition for Delivery Hero s US$4 billion Woowa deal South Korea s antitrust regulator said on Monday Delivery Hero must sell its Yogiyo subsidiary to win approval for a US$4 billion takeover of Woowa Brothers that would have given it a near monopoly in the country s food delivery market. FILE PHOTO: The Delivery Hero s logo is pictured at its headquarters in Berlin, Germany, August 18, 2020. REUTERS/Fabrizio Bensch/File Photo 2 related media assets (image or videos) available. Click to see the gallery. ....