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UBS has upgraded Delivery Hero to a 'Buy' rating, emphasizing that the information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investors are cautioned about the risks involved in purchasing securities, which may lead to total capital loss. The content reflects the views of individual authors and does not represent the opinions of wallstreetONLINE or its employees.
UBS has maintained a 'Buy' rating for Delivery Hero, setting a target price of 55 euros. Analyst Jo Barnet-Lamb noted that food delivery growth in Korea remained in double digits as of February, with the Baemin brand from subsidiary Woowa likely retaining its market share.
Delivery Hero has been reinstated with a Buy rating by Goldman Sachs, signaling renewed confidence in the company's stock. This update comes as part of ongoing market analysis and reflects the financial institution's positive outlook on the company's performance.
Uber Technologies Inc. has abandoned its plan to acquire Delivery Hero SE’s Foodpanda business in Taiwan after the island's antitrust regulator rejected the deal. As a result, Uber will pay a termination fee of approximately $250 million. Despite the setback, the company remains committed to its operations in Taiwan, vowing to continue serving consumers, merchants, and delivery partners.
Uber Technologies Inc. has abandoned its plan to acquire Delivery Hero SE’s Foodpanda business in Taiwan after the island's antitrust regulator rejected the deal. As a result, Uber will pay a termination fee of approximately $250 million. Despite the setback, the company remains committed to its operations in Taiwan, vowing to continue serving consumers, merchants, and delivery partners.
Deliveroo will cease operations in Hong Kong on April 7, after nine years in the market, due to market-specific challenges and a strategic review. The British company is exiting by selling selected assets to rival foodpanda, which will integrate Deliveroo’s customers, riders, and partners into its platform.
Deliveroo will exit the Hong Kong market after nine years, ceasing operations on April 7. The British food delivery platform is selling selected assets to rival foodpanda, citing market-specific challenges and a strategic review as reasons for its departure. Foodpanda’s parent company, Delivery Hero, will integrate Deliveroo’s customers, riders, and select restaurant and grocery partners into its platform.
Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.
Startup Bahrain has partnered with Reboot Coding Institute to enhance technical skills among entrepreneurs, aiming to strengthen Bahrain's digital economy. This collaboration will provide workshops and mentorship, equipping startup teams with essential coding expertise to foster innovation and competitiveness in the tech sector.
Kuwait-based delivery platform talabat has acquired 100% of Instashop from Delivery Hero SE for $32 million, finalizing the deal in March 2025. Instashop, founded in 2015 and operating in several MENA countries, reported a gross merchandise volume of $631 million in 2024, marking a 16% increase from the previous year. The acquisition will enhance talabat’s grocery and retail offerings while allowing Instashop to maintain its brand independence.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades delivery hero to buy amid investment considerations
12:15 01.04.2025
ubs maintains buy rating for delivery hero with target price of 55 euros
11:03 01.04.2025
Goldman Sachs initiates buy rating for Delivery Hero
23:55 25.03.2025
uber cancels foodpanda acquisition in taiwan following antitrust ruling
07:10 12.03.2025
uber cancels foodpanda acquisition in taiwan following antitrust ruling
07:10 12.03.2025
Deliveroo to exit Hong Kong market after nine years of operations
02:20 11.03.2025
Deliveroo to exit Hong Kong market after nine years of operations
02:20 11.03.2025
moroccan superapp ora technologies secures funding to enhance digital services
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bahrain and morocco lead digital innovation with strategic startup initiatives
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