Uber, Naver Team up to Buy Baemin Food Delivery from German Owner
By Reuters | 18 May, 2026
Uber and South Korean internet giant Naver submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea's largest food delivery platform.
Uber and South Korean internet giant Naver have formed a consortium and submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea's largest food delivery platform, the Seoul Economic Daily reported on Monday.
Uber and Naver formed an 8-to-2 consortium aiming to acquire a 100% stake in Baedal Minjok (Baemin), the Korean food delivery platform operated by Germany's Delivery Hero, the report said, citing unnamed sources in investment banks.
A Naver spokesperson told Reuters the company received a teaser letter related to the deal but nothing has been decided.
($1 = 1,498.1500 won)
(Reporting by Hyunjoo Jin, Cynthia Kim; Editing by Kirsten Donovan)
Recent Articles
- SpaceX IPO Already Two Times Oversubscribed
- SpaceX Signs Google As AI Compute Client After Landing Anthropic
- $1 Trillion in Stock Market Valuation Erased by AI Chip Selloff
- Anthropic Urges Industry Pause As AI Nears Recursive Self-Development
- Trump's South Lawn UFC Birthday Bash to Mix Politics with Punches
- Trump Policies Targeting 39 Nationalities of Immigrants Invalidated
- One Man Holds Back the World's Progress toward Green Energy Sufficiency and Prosperity
- Ryan Tseng's $13 Billion Shield AI Flies High Despite V-BAT Crashes and Severed Fingers
- India's Q1 GDP Growth Robust as Domestic Demand Offsets Iran Impact
- China and Hong Kong Users Blocked from SpaceX Website, IPO Documents