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Partnerships
Uber to acquire Delivery Hero's foodpanda in Taiwan for USD 950 Million
Online Food Delivery
May 14, 2024
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Online Food Delivery

Online Food Delivery

May 14, 2024

Uber to acquire Delivery Hero's foodpanda in Taiwan for USD 950 Million

Partnerships

  • Uber has announced plans to acquire foodpanda, a takeaway business owned by Germany's Delivery Hero, for USD 950 million. Uber also plans to buy 8.42 million new shares from Delivery Hero for USD 300 million.

  • Post-acquisition, Uber plans to transition foodpanda's local client base, merchants, and delivery partners to its own food delivery platform, Uber Eats. The companies plan to complete the transaction during 1H 2025.

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