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Top related persons:
Niklas Östberg - 4 Foodpanda - 2 Östberg - 2 Walid Berrazeg - 1 Pierre - 1 Dimitri Gore - 1 Uber - 1 – CNBC's Ryan Browne - 1
Top related locs:
Singapore Malaysia Thailand Philippines Southeast Asia Berlin TAIPEI TAIWAN
Top related orgs:
Foodpanda - 2 CNBC - 2 Getty - 1 Technologies - 1 Coty - 1 New Straits Times - 1 Shareholders - 1 Noah - 1

Search resuls for: "Niklas Östberg"


5 mentions found


☆ Uber to acquire Foodpanda's Taiwan business for $950 million, creating a potential monopoly
  + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +2 min
(Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Uber Technologies will acquire the Taiwan business of Delivery Hero -owned Foodpanda for $950 million in cash, as Foodpanda focuses on other markets. In a separate agreement, Delivery Hero will sell $300 million in newly issued ordinary shares to Uber. Taiwan's food delivery market is dominated by Foodpanda and Uber Eats. Delivery Hero said in February it had ended talks to sell its Foodpanda business in selected Southeast Asian markets. Östberg told CNBC the same month that the firm was "happy" to hold on to its Foodpanda business in Southeast Asia "forever."
Persons: Walid Berrazeg, Niklas Östberg, Pierre, Dimitri Gore, Uber, Foodpanda, Östberg, – CNBC's Ryan Browne, Dylan Butts Organizations: Getty, Technologies, Coty, Foodpanda, CNBC Locations: TAIPEI, TAIWAN, Taipei, Taiwan, Asia, Singapore, Malaysia, Thailand, Philippines, Hong Kong, Southeast Asia
☆ Delivery Hero ends talks to sell Foodpanda in Southeast Asia after months of negotiations
  + stars: | 2024-02-22 | by ( Dylan Butts | ) www.cnbc.com   time to read: +1 min
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. German food delivery giant Delivery Hero announced it has ended negotiations with an undisclosed third party regarding the potential sale of its Foodpanda business in selected Southeast Asian markets, where it is attempting to downsize. In a press release on Wednesday, Delivery Hero said the relevant parties failed to agree on the terms. "The decision to terminate negotiations after months of discussions was taken after careful consideration," said Niklas Östberg, CEO and co-founder of Delivery Hero. Just last week, Östberg said he was happy to hold onto the Foodpanda brand, after the German company's share price plunged on reports that negotiations to sell the Southeast Asian units had collapsed.
Persons: Niklas Östberg, Östberg Locations: Bangkok, Thailand, Singapore, Malaysia, Philippines, Cambodia, Myanmar, Laos
☆ Delivery Hero CEO happy to keep Asia unit Foodpanda 'forever' after stock plunged on sale outlook
  + stars: | 2024-02-14 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Delivery Hero shares surged 11% Wednesday afternoon in European trading, extending gains from earlier in the day. Delivery Hero, one of Europe's largest food delivery apps, has faced recent pressure from investors over its ability to make a solid return on businesses it's wholly or partly acquired. Now, Delivery Hero is attempting to claw back from the brutal share price plunge, which brought the company's stock to its lowest level since 2022. That came after Delivery Hero announced a deal to divest its entire stake in the British food delivery company Deliveroo. Delivery Hero at the time denied the report and pushed back on speculation that a collapse in talks was imminent.
Persons: Niklas Ostberg, Foodpanda, Ostberg, breakeven Organizations: New Straits Times, CNBC, Foodpanda, Shareholders Locations: Southeast Asia, Deliveroo
☆ Delivery Hero says it hit 2023 sales growth targets in early results after 26% stock plunge
  + stars: | 2024-02-05 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Delivery Hero said the results were driven by healthy order growth in many of its geographies. Most notably, Delivery Hero also gave some rosy guidance for 2024, with the delivery company forecasting group GMV growth of 7-9% for the year, higher than its performance in 2023. Delivery Hero said it would publish additional preliminary numbers for the fourth quarter in a trading update slated for Feb. 14, when it was originally due to report numbers. Delivery Hero is one of the largest food delivery services globally with more 2.2 billion users.
Persons: Niklas Östberg, Britain's Deliveroo Organizations: Noah, Analysts Locations: Berlin, Indonesia
☆ One of Europe's biggest food delivery firms doubles down on Middle East with $300 million Saudi deal
  + stars: | 2023-07-21 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
Delivery Hero, the German online food delivery company, said Friday that it is taking full ownership of its Saudi subsidiary in a transaction valued at $297 million. Shares of Delivery Hero were down 1.4% during afternoon trade. Delivery Hero is one of Europe's biggest food delivery companies, commanding a $10 billion market value. HungerStation connects more than 10,000 partners, including restaurants and grocery stores, with customers, Delivery Hero said in a statement Friday. The deal will help the firm build stronger ties with HungerStation and the rest of the company's portfolio, Delivery Hero added.
Persons: Niklas Östberg Organizations: Saudi Arabia —, HungerStation Locations: Saudi, HungerStation, Saudi Arabia, Berlin, Kingdom of Saudi, Germany, Netherlands
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