According to several media publications, the company is looking to sell the Foodpanda brand in Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos.
German magazine Wirtschaftswoche said that Grab, one of Foodpanda’s competitors in Singapore, was considered to be a buyer. It adds that Grab could pay slightly over EUR1 billion ($1.46 billion) to Delivery Hero for the deal.
The rest of Foodpanda’s markets in Bangladesh, Hong Kong, Pakistan and Taiwan will remain with Delivery Hero for now.
