Ninja is exploring a bid for HungerStation, Delivery Hero’s Saudi operation
Saudi quick-commerce unicorn Ninja is reportedly weighing a move for assets owned by German food delivery group Delivery Hero in the Middle East, Financial Times reported, citing sources familiar with the matter. 
Ninja is exploring a bid for HungerStation, Delivery Hero’s Saudi operation. It is also looking to partner with another buyer for portions of Dubai-based food delivery platform Talabat, the sources added.
The Saudi unit is seen as simpler to integrate into Ninja’s existing operations and less likely to trigger major regulatory concerns, sources told FT. They expect a formal offer to be presented to Delivery Hero’s board as early as this week.
Talks are in an early stage, and Ninja may ultimately decide not to proceed, the report noted.
A number of Delivery Hero shareholders previously told the publication that they would support bids close to €10 billion (SAR 43.3 billion) for the two assets, with the majority made up of Talabat.
According to Argaam’s data, Delivery Hero owns 100% of HungerStation, and 80% of Dubai-listed Talabat.
Ninja is exploring a bid for HungerStation, Delivery Hero’s Saudi operation
Saudi quick-commerce unicorn Ninja is reportedly weighing a move for assets owned by German food delivery group Delivery Hero in the Middle East, Financial Times reported, citing sources familiar with the matter.
Ninja is exploring a bid for HungerStation, Delivery Hero’s Saudi operation. It is also looking to partner with another buyer for portions of Dubai-based food delivery platform Talabat, the sources added.
The Saudi unit is seen as simpler to integrate into Ninja’s existing operations and less likely to trigger major regulatory concerns, sources told FT. They expect a formal offer to be presented to Delivery Hero’s board as early as this week.
Talks are in an early stage, and Ninja may ultimately decide not to proceed, the report noted.
A number of Delivery Hero shareholders previously told the publication that they would support bids close to €10 billion (SAR 43.3 billion) for the two assets, with the majority made up of Talabat.
According to Argaam’s data, Delivery Hero owns 100% of HungerStation, and 80% of Dubai-listed Talabat.
