GS Retail Co Ltd to buy Delivery Hero’s Yogiyo 

Company NameCEOAcquisition CompanyPurchase Price
GS Retail Co Ltd Mark KnightYogiyo Delivery App$685 million

S. Korea’s GS Retail CEO in a recent interview said they will acquire Yogiyo Delivery App at $685 million. GS Retail partnered with 2 firms to do the deal.

The deal for the world’s third-largest food delivery app Yogiyo done after the COVID third wave. Baedal Minjok’s Woowa acquired $4 billion in Delivery Heros after the Yogiyo app acquisition. Yogiyo owns 25% shares in the market in Korea.

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GS retail total investment in the company will be 300 billion won and Permira & Affinity Equity Partners invest 200 billion won in the total investment.

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