Delivery Hero, the Berlin-based parent company of Foodpanda, has confirmed ongoing discussions about a partial sale of its Asian operations. Singapore's tech giant, Grab, is reportedly the front-runner in this potential acquisition. While the exact value of the deal remains undisclosed, market insiders speculate that the transaction could exceed 1 billion euros for the Foodpanda brand across several Southeast Asian nations.
Uber sells its Southeast Asian business to rival Grab, ending a bruising battle between the ride-hailing behemoths and marking the US firm's latest retreat from international markets.
The government has endorsed a draft law that will hand a maximum of seven-year imprisonment to occupants and grabbers of railway land.
Delivery Hero, the Berlin-based parent company of Foodpanda, has confirmed ongoing discussions about a partial sale of its Asian operations. Singapore's tech giant, Grab, is reportedly the front-runner in this potential acquisition. While the exact value of the deal remains undisclosed, market insiders speculate that the transaction could exceed 1 billion euros for the Foodpanda brand across several Southeast Asian nations.
Uber sells its Southeast Asian business to rival Grab, ending a bruising battle between the ride-hailing behemoths and marking the US firm's latest retreat from international markets.
The government has endorsed a draft law that will hand a maximum of seven-year imprisonment to occupants and grabbers of railway land.
