Home World News Taiwan Foodpanda to be sold to Uber Eats?German media: talks temporarily broken down

Taiwan Foodpanda to be sold to Uber Eats?German media: talks temporarily broken down

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Taiwan Foodpanda to be sold to Uber Eats?German media: talks temporarily broken down

GermanyThe Economic Weekly (WirtschaftsWoche) reported on February 29 that Foodpanda’s parent company Delivery Hero’s talks to sell its Taiwan business to Uber Eats have temporarily broken down.

Reuters, citing German Wirtschaftswoche, said Delivery Hero had been discussing a sale with Uber Eats in recent weeks, but Uber Eats recently called off intensive talks. Delivery Hero declined to comment for this report.

Delivery Hero said last week that it had ended the sale after the parties were unable to agree on terms.Southeast AsiaPotential cases for Foodpanda in specific markets, includingSingaporeMalaysia, Philippines, Thailand, Cambodia, Myanmar and Laos.

As investors are concerned about Delivery Hero’s cash position, Delivery Hero is looking to spin off its loss-making Southeast Asian business as part of its strategy to turn profits and maintain growth.

Finance(TagstoTranslate)Southeast Asia(T)Germany(T)Singapore