1️⃣ Deal Off the Table 🚫
Imagine being at a bazaar, haggling over the price of an antique, only to walk away because the seller won't budge on the price. That's Delivery Hero with Foodpanda in Southeast Asia. They were all set to sell Foodpanda's operations in Singapore, Malaysia, and a few other places but said "Nope, we're good" after failing to agree on terms. And who might have been eyeing this tasty deal? None other than Grab, according to the grapevine. But alas, the food delivery love affair in Bangkok and beyond remains under Delivery Hero's wing.
2️⃣ The Plot Thickens 📈
"We're breaking up... just kidding!" Delivery Hero and Foodpanda's relationship status is complicated. After announcing layoffs to become "more agile," they flirted with the idea of selling. But CEO Niklas Östberg, in a dramatic twist, decides to keep the Foodpanda brand after their shares took a nosedive. Talk about a rollercoaster of emotions!
3️⃣ Asia's Appetite 🌏
Despite the break-up drama, Delivery Hero's Asian market, especially the Southeast Asian region, is like that friend who's good at everything without trying too hard. They've reached a "break-even level," showing everyone they're not just a pretty face but can also handle their finances. And with Östberg's eyes set on mergers and acquisitions, it seems they're still playing the field, looking for the next big thing in the food delivery saga.
4️⃣ What's Next? 🔍
So, what's on the menu for Delivery Hero and Foodpanda now? It's like they've decided to go on a health kick after binging on too many acquisitions. They're trimming down, getting lean, and still keeping an eye out for the next delicious opportunity that comes their way. With a strategy that's more about quality than quantity, it's anyone's guess where their appetite will take them next. Stay tuned, foodies!
❓ Will Delivery Hero find a better deal?
