Uber moves to acquire Delivery Hero and Baemin as Korea's FTC opens review

Uber has filed for a preliminary review with South Korea's FTC to acquire all shares of Delivery Hero via a public tender offer. The deal is valued at about $13.7 billion (23.28 trillion won) and would give Uber control of Woowa Brothers, operator of Korea's top food delivery app Baemin. The FTC will assess the impact on competition in ride-hailing and food delivery.

• Uber offers €41.50 per Delivery Hero share, valuing 100% at $14.8 billion
• Adjusted for prior stakes, the deal is worth $13.7 billion (23.28 trillion won)
• Delivery Hero indirectly controls Woowa Brothers, which runs Baemin
• FTC will review the deal as a combination of ride-hailing and delivery platforms