Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Korean Air + Asiana Airlines - Is This Becoming Another KEPCO?

A Big Potential Selling in Hanjin Kal Once Lock-Up Period Ends & The Collapse of Warrant Price

Review of Our M&A Research in 2020 & Korea M&A Market Outlook in 2021: What’s For Sale?

The Euljiro Committee Raises Anti-Trust Concerns About Delivery Hero's Acquisition of Woowa Brothers

Woowa Brothers Corp IPO Preview (Part 1) - The Most Popular Food Delivery Service in Korea

Delivery Hero To Acquire Woowa Brothers - The Biggest M&A Deal in Korea in 2019

Woowa Brothers Corp - An Ideal Acquisition Target for Uber?

Event-Driven

<div class="content-highlight">
<p>It has been nearly 11 months since <a href="https://www.smartkarma.com/entities/delivery-hero-se" target="_blank" data-smartkarma-citation="entities:24416:1" rel="noopener">Delivery Hero SE (DHER GY)</a> first announced that it will acquire Korea's Woowa Brothers (Baemin), which is the largest prepared food delivery service provider in Korea. Korea's FTC finally <a href="https://news.mt.co.kr/mtview.php?no=2020111612044925797" target="_blank" rel="noopener">announced</a> today that Delivery Hero would need to sell Yogiyo in order to receive the final approval to acquire Woowa Brothers. Yogiyo is the second-largest prepared food delivery service provider in Korea, after Woowa Brothers.</p>
<p><strong>This is a bad news for Delivery Hero</strong> since selling Yogiyo to acquire Woowa Brothers would reduce the operational and business synergies of having both companies under the same Delivery Hero umbrella. This is an initial report by the FTC and the final report on this M&amp;A deal is expected to be announced on December 9th. </p>
</div>


It has been nearly 11 months since Delivery Hero SE (DHER GY) first announced that it will acquire Korea's Woowa Brothers (Baemin), which is the largest prepared food delivery service provider in Korea. Korea's FTC finally announced today that Delivery Hero would need to sell Yogiyo in order to receive the final approval to acquire Woowa Brothers. Yogiyo is the second-largest prepared food delivery service provider in Korea, after Woowa Brothers.
This is a bad news for Delivery Hero since selling Yogiyo to acquire Woowa Brothers would reduce the operational and business synergies of having both companies under the same Delivery Hero umbrella. This is an initial report by the FTC and the final report on this M&amp;A deal is expected to be announced on December 9th. 


Korea's FTC Requires Delivery Hero to Sell Yogiyo In Order to Acquire Woowa Brothers