Today’s Deals – Delivery Hero acquires foodpanda as Rocket Internet shuffles online takeout pack once again

Delivery Hero Rocket Internet has shuffled the online takeout pack of cards once again. This time the publicly-listed German ‘startup factory’ and investor is selling foodpanda to its much larger rival Delivery Hero, of which it also holds a significant stake. A move that should help fatten up Delivery Hero a little more for a long-rumoured planned IPO of its own. Terms of the acquisition… Read More

from TechCrunch

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