Food delivery M&A leaves sour taste in the mouth, writes KarenKKwok
and Delivery Hero , the German group would be valued at under $1 billion, not $1.2 billion. The good news is there should be cost synergies: in New York City, for example, Getir and Gorillas will have a combined near-50% market share, Yipit data shows. But shutting down and getting out of warehouse leases can be costly., however.
Some investors will receive around $40 million in cash as well as equity, the FT said. But most of the purchase price stems from converting Gorillas shares into those of the acquirer, making any potential return on their investments contingent on the fate of loss-making Getir. With an upcoming recession, they will have to hope thatCapital Calls - More concise insights on global finance:
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