|Company Name||CEO||Acquisition Company||Purchase Price|
|GS Retail Co Ltd||Mark Knight||Yogiyo 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.
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.