Grab agrees to buy Delivery Hero’s Taiwan foodpanda business for $600 million
The Facts
- Grab agreed to buy Delivery Hero’s foodpanda delivery business in Taiwan for $600 million in cash.
- The deal is subject to regulatory approvals and other closing conditions.
- The transaction is expected to close in the second half of 2026.
- Delivery Hero said it will use the net proceeds from the sale to repay debt, and some sources also said the company would use them for general corporate purposes.
- The sale was described as the first deal or first expansion outside Southeast Asia for Grab.
- Delivery Hero said the sale is part of a strategic review of its business.
- Some reports said foodpanda’s Taiwan business generated gross merchandise value of about €1.5 billion in 2025 and was profitable on an adjusted EBITDA basis excluding allocated group costs.
Context
Why does this deal matter for Grab?
It would give Grab its first business outside Southeast Asia and a foothold in Taiwan’s delivery market, which Reuters and Bloomberg said is part of a broader expansion strategy Reuters,Bloomberg Business.
What happens before the sale can close?
The deal still needs regulatory approvals and other customary closing conditions, and multiple reports say it is expected to complete in the second half of 2026 CNA,CNA,Reuters.
How does Delivery Hero plan to use the money?
Delivery Hero said the proceeds will go toward repaying debt, and Reuters and other reports said the company also plans to use them for general corporate purposes CNA,WSJ,Der Tagesspiegel.
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