The Korea Fair Trade Commission has initiated a preliminary assessment regarding Uber Technologies' intention to acquire Delivery Hero. This potential transaction would grant the American ride-hailing corporation ownership of Baemin, which currently operates as the primary food delivery platform in South Korea. Uber requested this voluntary examination to determine if the merger might conflict with existing competition laws prior to submitting an official filing. The company aims to finalize its tender offer by November. This proactive step allows the regulator to evaluate the market implications of the deal before the acquisition process reaches its conclusion.
Source : The Korea Herald
Photo : The Korea Herald
