Delivery Hero weighs sale of Baemin operator amid restructuring

Berlin-based Delivery Hero is exploring a sale of Woowa Brothers, the operator of South Korean food delivery app Baemin, seven years after its acquisition in what appears to be a strategic pullback, industry sources said Thursday. The German delivery giant recently distributed teaser letters to strategic investors and private equity firms in Korea and overseas through JPMorgan. Potential bidders are said to include Uber, Naver, Alibaba Group and DoorDash. It is reportedly seeking roughly 4.6 bil

By The Korea Herald