Serious Food Panda Going To Get Makan By Grab! Great Sinkie Sale Price Of 1 Billion Euros!

[JohnTan]

BERLIN — Delivery Hero confirmed talks on a partial sale of its Asia business on Wednesday (Sept 20), adding that the deal's value is still under negotiation.

The Wirtschaftswoche business magazine first reported the news earlier in the day, saying Singapore's Grab could pay a little more than 1 billion euros (S$1.5 billion) for the unit.

The Berlin-based company plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand, it said in a statement.

Investors in the online takeaway food company welcomed the report, lifting its shares as much as 13.5 per cent.

Grab did not immediately reply to an emailed request for comment.

Delivery Hero has been focusing on reaching profitability while maintaining growth as investor confidence in the company started to wane after a pandemic-driven boost.

The group has said that it reached an adjusted profit before interest, tax, depreciation and amortisation (EBITDA) in the first six months of the year, although it did not quantify it, after a loss of 323 million euros in the same period a year earlier.

Last month, Chief Executive Niklas Oestberg said that Asia was the segment where the company saw the most opportunity to invest.

Singapore internet firm Grab posted US$567 million (S$775 million) in revenue in the quarter that ended on June 30 and expects to break even on an adjusted core earnings basis in the current quarter. Grab makes most of its sales from its food delivery business and has recently seen strong growth in its ride-share business. REUTERS

https://www.todayonline.com/world/f...rms-talks-partial-sale-asian-business-2259981

 

[tobelightlight]

There R flaccids here who say grab will go bust... How come grab got $1 billion for shopping?

 

[Scrooball (clone)]

So why is this allowed? Monopoly is not healthy right?

Oppo supporters are lubricating their assholes to get fucked yet?

 

[Loofydralb]

There R flaccids here who say grab will go bust... How come grab got $1 billion for shopping?

Never heard of borrow?

 

[tobelightlight]

Never heard of borrow?

there is no info on that. who wanna lent money to grab that is going to be busted?

 

[Loofydralb]

there is no info on that. who wanna lent money to grab that is going to be busted?

Many institutions willing to do that at inflated interest rates and other onerous conditions upon failure to pay.
Opportunists, predatory, and exploitative.
That is why usury is Haram in Islam.

 

[tobelightlight]

Many institutions willing to do that at inflated interest rates and other onerous conditions upon failure to pay.
Opportunists, predatory, and exploitative.
That is why usury is Haram in Islam.

This is a presumption and opinion. A factual info is still the best.

 

[syed putra]

There R flaccids here who say grab will go bust... How come grab got $1 billion for shopping?

from their listing in new york at US$40 bil.
Their current revenue from south east asia it says is about US$2 bil per year.
By buying rival, it may force rates upwards.
Before grab, Mcd, pizza joints and kfc offered its in house delivery and were profitable.

 

[realDonaldTrump]

when i was young, business-law taught me that when your staff injures someone or get injured while working, the employer is liable.

So many pedestrians get hit by grab delivery people every month but grab never liable.

 

[syed putra]

when i was young, business-law taught me that when your staff injures someone or get injured while working, the employer is liable.

So many pedestrians get hit by grab delivery people every month but grab never liable.

More deliveroos die or maimed on the roads and not sure if they were compensated or covered by company insurance.

 

[congo9]

They are delivering food for grab.
But they aren't employees or grab. So it's not the liability of grab.

Anyway the Grab name is a very auspicious one. Grab your lunch, grab your balls. It didn't say scratch your balls. It say Grab.

So soon Grab will Grab kangaroo and Panda by the balls real soon. They even have a bank to their name.

Which Master has advised and gave this great name to "Grab". It's a powerful name.

 

[syed putra]

They are delivering food for grab.
But they aren't employees or grab. So it's not the liability of grab.

Anyway the Grab name is a very auspicious one. Grab your lunch, grab your balls. It didn't say scratch your balls. It say Grab.

So kangaroo and Panda grab them by the balls real soon

if a tanker ship bore a hole and pollute, part of the pollution claim goes to cargo owners.

 

[tobelightlight]

So many pedestrians get hit by grab delivery people every month but grab never liable.

The delivery riders are not employed by Grab. So they are not employee. They are partners.

 

[laksaboy]

The delivery riders are not employed by Grab. So they are not employee. They are partners.

Whatever, use all the euphemisms you want: partner, ambassador, captain etc.

 

[rodent2005]

there is no info on that. who wanna lent money to grab that is going to be busted?r