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Industry

Uber buys Delivery Hero, Tesla\'s first bicycle has unexpected identity

Uber will acquire German delivery platform Delivery Hero for about $14.8 billion, bringing Woowa Brothers, operator of Baedal Minjok, under Uber. Kakao Mobility and the Korea Expressway Corp will launch a service linking real-time highway accident information to private navigation apps and said Kakao Mobility has received ISO 45001 certification. Tesla unveiled a balance bike for children aged 2 to 5 and is offering financing incentives and resale value guarantees.

Transportation & Mobility

Uber to buy Delivery Hero for 22 trillion won, bringing Baemin under its wing

Uber will acquire Germany-based delivery platform Delivery Hero for about $14.8 billion, bringing Woowa Brothers, operator of Baedal Minjok, under Uber. Uber will pay 41.5 euros per share in cash through a tender offer, valuing the company at about $14.8 billion. Excluding Uber’s existing stake, the purchase is about $13.7 billion. The deal is expected to close in the second half of 2027 after regulatory reviews.

Games & Commerce

Naver says nothing decided on report of consortium bid to buy Baemin

Naver said on May 19 it has not made any specific decisions on a report that it is forming a consortium with Uber to acquire Delivery Hero-owned food delivery app Baedal Minjok, also known as Baemin. It said it is reviewing various options to strengthen business competitiveness and will make a follow-up disclosure when details are decided or by June 18. Reports said the firms joined a preliminary bid and floated an 8 trillion won offer.