, Columnist
Takeaway.com Pushes the Limits of SoftBank's Approach
The structure of its Delivery Hero purchase has precedent in ride-haling deals. Regulators must tread carefully as they review the transaction.
A giant in the making?
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
It’s a move straight out of the SoftBank Group Corp. playbook. Takeaway.com NV is acquiring the German businesses of Delivery Hero SE for 930 million euros ($1 billion).
The deal between the two food delivery app giants puts an end to a costly price war in Germany, and frees up cash for Delivery Hero to invest in other markets. It’s exactly the sort of compromise that SoftBank’s Vision Fund has been encouraging its portfolio of companies to make.