White & Case advises Delivery Hero on US$950 million sale of Taiwanese foodpanda business to Uber and on Uber’s US$300 million equity investment in Delivery Hero

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Global law firm White & Case LLP has advised Delivery Hero SE (Delivery Hero) on the US$950 million cash sale of its foodpanda business in Taiwan to Uber Technologies, Inc. (Uber), and on a separate US$300 million cash capital increase, fully subscribed by Uber, through its wholly-owned subsidiary SMB Holding Corporation.

The divestment of the foodpanda business in Taiwan is subject to customary closing conditions and required regulatory approvals and will be one of the largest international acquisitions in Taiwan outside the semiconductor industry.

The White & Case team which advised on the transaction was led by partners Stefan Bressler (Frankfurt & Hamburg) and Thilo Diehl (Frankfurt), and included partners Ben von Maur (London), Philip Trillmich (London & Frankfurt), Jost Kotthoff, Rebecca Emory, Vanessa Schuermann, Gernot Wagner, Yannick Adler (all Frankfurt), Tzi Yang Seow (Hong Kong & Singapore), Michael Deyong and Justin Wagstaff (both New York), local partner David Smith (Frankfurt) and associates Tobias Zündorf, Moritz Schneider (both Hamburg), Timo Lockemann, Julia Kohler, Pia Berger (all Frankfurt), Annie Wan, Jingbo Hou, He Chen (all Hong Kong), Dilara Erik and Benjamin Morrison (both New York).

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