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Delivery Hero to Sell Taiwan Business to Grab

Provided by Dow Jones Mar 23, 2026, 7:20:00 AM

By Aimee Look

Delivery Hero said it agreed to sell its delivery-platform business in Taiwan to Grab Holdings, as part of a strategic review.

The German food-delivery company said it would sell its Taiwan business, Foodpanda, to Grab for $600 million in cash. The deal is subject to regulatory approvals and is expected to close in the second half of 2026, the company said.

Net proceeds from the deal will go toward repaying debt, for general corporate purposes, and will bolster Delivery Hero's capital structure, the company said.

"The contemplated transaction marks a decisive first step in Delivery Hero's ongoing strategic review," it said. "The sale of the food-delivery operations in Taiwan enables the company to crystallize considerable fundamental value for its shareholders."

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

March 23, 2026 03:20 ET (07:20 GMT)

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