Ninja Weighs Bid for Delivery Hero’s Middle East Assets
Ninja is preparing to make a formal offer to acquire Delivery Hero's assets in the Middle East, with the proposal possibly presented to the board this week.
Ninja, a food delivery competitor, is preparing to make a formal offer to acquire Delivery Hero's (ticker: DHER) assets in the Middle East, according to sources. The offer could be presented to Delivery Hero's board as early as this week.
Deal Details
- Buyer: Ninja (private)
- Seller: Delivery Hero (DHER)
- Assets: Delivery Hero's Middle East operations
- Timing: Formal offer possible this week
- Value: Not yet disclosed
Rationale
Ninja aims to expand its footprint in the Middle East, where Delivery Hero holds a significant market share through platforms like Talabat. Delivery Hero may be looking to focus on core markets or raise cash.
Regulatory Challenges
The deal may face regulatory review in the region, particularly concerning competition laws. No official objections have been raised yet.
Impact on Stocks
No immediate reaction from Delivery Hero's stock. If completed, the deal could be viewed positively by investors if the valuation is attractive.
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