The Business Times

Delivery Hero to buy South Korea's Woowa Brothers for US$4b

Published Fri, Dec 13, 2019 · 03:53 AM

[SEOUL] German food delivery company Delivery Hero has agreed to acquire its South Korean rival Woowa Brothers for US$4 billion, Woowa Brothers said in a statement on Friday.

Woowa Brothers said the companies will also create a joint venture in Singapore to tap into the booming food delivery market in Asia.

REUTERS

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