Uber Completes Merger with Delivery Hero, Halts Baemin Sale on July 22

UBER-1.71%
According to investment banking sources, Delivery Hero announced on July 22 that it has halted the Baemin (Baemin) sale process following the execution of a merger agreement between Uber and Delivery Hero. The move marks the culmination of the South Korean food delivery platform's ownership transition.
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