Grab recently published their 2023 Q4 and FY results, and during its earnings call, COO Alex Hungate confirmed that Grab is not pursuing acquiring FoodPanda. This aligns with Delivery Hero, FoodPanda’s parent, announcement earlier last week that acquisition talks for Foodpanda in Southeast Asia had collapsed.
Why did Grab give up on the potential acquisition of FoodPanda? Was the €1 billion price tag for FoodPanda (that German media quoted) not the "right price" for Grab?
Tune into this latest episode where we dive into the considerations behind Grab’s decision, examine the complexities of mergers and acquisitions, and discuss what’s next for Foodpanda in the region.
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