Grab to buy Delivery Hero’s foodpanda delivery business in Taiwan for USD 600 million

Reuters

Mar 23

Grab to buy Delivery Hero’s foodpanda delivery business in Taiwan for USD 600 million

Grab agreed to buy Delivery Hero’s foodpanda delivery business in Taiwan for USD 600.0 million in cash, on a cash-free and debt-free basis, subject to customary adjustments.
Completion is expected in the second half of 2026, subject to regulatory approvals and customary closing conditions.
The foodpanda business in Taiwan generated about USD 1.8 billion in gross merchandise value and was profitable on an adjusted EBITDA basis.
Grab said the transaction is expected to add at least USD 60.0 million of incremental adjusted EBITDA in 2028.
Grab is targeting migration of users, merchant-partners, and driver-partners from foodpanda to the Grab app by early 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grab Holdings Ltd. published the original content used to generate this news brief on March 23, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grab Holdings Ltd. published the original content used to generate this news brief on March 23, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}