Plus   Neg

Delivery Hero Issues Update On Woowa Brothers Deal

Delivery Hero SE (DHER.DE DLVHF.OB) said all closing actions have been taken with respect to the Woowa Brothers deal. As part of the transaction, the company and the Woowa management are moving into a strategic partnership regarding the operations of both companies in Asia.

Niklas Östberg, CEO of Delivery Hero, said: "After announcing that we were entering into a strategic partnership with Woowa in December 2019, I am now incredibly excited to start working together. It is an honour to welcome Bongjin Kim and his team to our family of founders and entrepreneurs."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Inter-American Development Bank and Citi Innovation Labs have successfully completed a proof-of-concept to make cross-border payments from the U.S. to countries in Latin America and the Caribbean, using blockchain and tokenized money. The platform provided full traceability of the transactions, exchange rates, and fees on blockchain. Australian competition regulator said the country's Federal Court found that Google and its Australian arm misled users about the collection and use of personal location data. The data was collected through Android mobile devices between January 2017 and December 2018. This is said to be the world-first enforcement action brought by the Australian Competition and Consumer Commission or ACCC. Morgan Stanley (MS) reported a first-quarter profit that more than doubled from last year, reflecting strong performance across all of its business segment. Net revenues for the quarter grew 61 percent from the previous year. Quarterly adjusted earnings per share beat analysts' estimates.
Follow RTT