SEOUL, Dec. 28 (Korea Bizwire) — South Korea’s antitrust regulator on Monday gave a conditional approval to a US$4 billion deal for Germany’s Delivery Hero (DH) to buy the country’s top food delivery app operator, Woowa Brothers. The Korea Fair Trade Commission (KFTC) said it granted the permission for the takeover on condition that DH [...]
SEOUL, Jan. 9 (Korea Bizwire) — A US$4 billion deal by Germany’s Delivery Hero to acquire South Korea’s largest food delivery app operator, Woowa Brothers, has stirred up controversy here, as some politicians and small merchants have raised concerns about the monopoly status the merged entity will have if the deal is approved. For years, [...]
SEOUL, Dec. 19 (Korea Bizwire) — Germany-based online delivery service provider Delivery Hero is forecast to take control of South Korea’s food delivery app market following its proposed megadeal to buy the country’s top food delivery app operator, Woowa Brothers Corp., industry data showed Thursday. On Friday, Delivery Hero announced that it will acquire an [...]
SEOUL, Dec. 13 (Korea Bizwire) — Germany-based company Delivery Hero has agreed to buy South Korea’s top food delivery app operator, Woowa Brothers Corp., for US$4 billion, industry officials said Friday. The German firm, which also has second-biggest delivery player Yogiyo under its wing, will acquire an 87 percent stake in Woowa Borthers, operators of [...]
SEOUL, Dec. 9 (Korea Biziwire) – Baedaltong, the third largest food delivery app by market share in Korea, has reportedly handed a large number of its shares over to German online distributor Delivery Hero. On December 8, Baedaltong announced that it recently accepted an investment of an undisclosed amount from the German firm, which became [...]