Delivery Hero's $4b Woowa deal hits block as S Korea insists on unit sale condition

Delivery Hero's $4b Woowa deal hits block as S Korea insists on unit sale condition

Photo: Delivery Hero website

South Korea’s antitrust regulator said on Monday Delivery Hero must sell its Yogiyo subsidiary to win approval for a $4 billion takeover of Woowa Brothers that would have given it a near-monopoly in the country’s food delivery market.

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