Delivery Hero's Foodpanda business sale negotiations in Southeast Asian markets failed due to unresolved deal terms.

Delivery Hero has announced that negotiations for the potential sale of its Foodpanda business in Southeast Asian markets, such as Singapore, Malaysia, and the Philippines, have failed. The parties involved could not reach a final agreement on the deal terms. The company has been attempting to divest its loss-making Southeast Asian business to achieve profitability and address investor concerns about its cash position.

February 21, 2024
7 Articles