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Industry

South Korea FTC begins pre-merger review of Uber-Delivery Hero deal

South Korea\'s Fair Trade Commission has begun a pre-merger review of Uber Technologies\' planned acquisition of all shares in Germany\'s Delivery Hero. The regulator will examine whether service linkages such as memberships and advertising and promotions across taxi-hailing and delivery could affect market competition, as Uber would gain control of food delivery app Baedal Minjok. Uber plans to complete the tender offer subscription in November and close the share acquisition in the second half of 2027.

Games & Commerce

Naver drops review of Baemin stake purchase, citing changing business environment

Naver has stopped reviewing a possible purchase of a stake in Baedal Minjok, the operator of the Baemin food delivery app. The company decided not to proceed about four months after reports in May said it was pursuing a deal with Uber. Naver said in a regulatory filing on Sept. 17 that it had reviewed the stake purchase but decided against it due to changes in the business environment and other factors.

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.