Tuesday, January 30, 2024

Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards (Yasemin Craggs Mersinoglu/Financial Times)

Yasemin Craggs Mersinoglu / Financial Times:
Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards  —  Sector has been coming under increasing pressure to demonstrate profitability as cost of capital has risen



No comments:

Post a Comment

Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, an outlier in the software industry amid the AI boom (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE : Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, a...