Delivery Hero (DHER) plans IPO of Middle East unit Talabat in Dubai

Delivery Hero (DHER) plans IPO of Middle East unit Talabat in Dubai

BERLIN, GERMANY – SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images) Jeremy Moeller | Getty Images Entertainment | Getty Images European food delivery firm Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock … Read more

Uber to acquire Foodpanda’s Taiwan business for $950 million

Uber to acquire Foodpanda’s Taiwan business for 0 million

TAIPEI, TAIWAN – 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Uber Technologies will acquire the Taiwan business of Delivery Hero-owned Foodpanda for … Read more

Delivery Hero terminates Foodpanda sale talks in Southeast Asia

Delivery Hero terminates Foodpanda sale talks in Southeast Asia

Insulated food bags branded with the logo of Foodpanda, a meal-delivery service operated by Delivery Hero, sit at the company’s operations center in Bangkok, Thailand, on Friday, March 16, 2018.  Bloomberg | Bloomberg | Getty Images German food delivery giant Delivery Hero announced it has ended negotiations with an undisclosed third party regarding the potential … Read more

Delivery Hero happy to keep Asia unit Foodpanda ‘forever,’ CEO says

Delivery Hero happy to keep Asia unit Foodpanda ‘forever,’ CEO says

Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero CEO Niklas Ostberg said that he’s happy holding onto the Foodpanda brand, after reports that talks of potentially selling the Southeast Asian unit had collapsed drove a huge plunge … Read more

Delivery Hero (DHER) unaudited earnings released after 26% stock plunge

Delivery Hero (DHER) unaudited earnings released after 26% stock plunge

Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and is forecasting stronger profitability … Read more

Deliveroo (ROO) stock falls on Delivery Hero stake sale

Deliveroo (ROO) stock falls on Delivery Hero stake sale

A Deliveroo rider near Victoria station in London, England, on March 31, 2021. Dan Kitwood | Getty Images Shares of German food delivery company Delivery Hero fell to a record low Tuesday after announcing it was selling its minority stake in rival firm Deliveroo. Delivery Hero said late Monday that it would sell 68 million … Read more

Markets rebound in time for the Santa Claus rally

Markets rebound in time for the Santa Claus rally

Wall Street and Broad Street signs are seen as The New York Stock Exchange (NYSE) and a Christmas tree are illuminated in New York City, United States on December 1, 2021. Tayfun Coskun | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings … Read more