If the KFTC approves Woowa Brothers' acquisition by Delivery Hero, the combined entity will monopolize the market with a 100 percent share. Berlin, 20 September 2017 – Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, today announced it has agreed to acquire the remaining shares in Foodfly, a fast-growing Korean food delivery platform based in Seoul. Delivery Hero commits to support innovation in Korea and the rest of Asia through a US$ 50 million technology fund to develop and cultivate innovative online food delivery services for the benefit of consumers, restaurants, employees and riders Berlin, 20 September 2017 - Delivery Hero Group ("Delivery Hero"), the leading global online food ordering and delivery marketplace, today announced it has agreed to acquire the remaining shares in Foodfly, a fast-growing Korean food delivery platform based in Seoul.
Delivery Hero will acquire South Korea's largest food delivery company for $4 billion, the companies have announced.
Delivery Hero, one of the world’s largest online food delivery groups, will pay $3.48bn for the 87 per cent of the Seoul-based company that is owned by outside investors. SEOUL/FRANKFURT (Reuters) - Germany’s Delivery Hero (DHER.DE) agreed a $4 billion deal to buy South Korea’s top food delivery app owner Woowa Brothers, ratcheting up …
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