Tag: $Delivery Hero

European food delivery firm Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock exchange later this year.

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million.

Shares in Delivery Hero increased on Wednesday after the German food delivery company said it had hit its financial goals for 2023 in posting its first-ever full-year profit.

Delivery Hero shares sank Monday morning, extending losses from last week, as investors reacted to preliminary financial results released by the company.

Shares of European food-delivery groups fell sharply Tuesday after the discounted sale of a big share stake raised questions about the market’s valuation of the sector.