Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Philippine GDP Growth Slows to 2.3% in Q2 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
The race for the acquisition of Yogiyo, one of South Korea’s leading food delivery companies, is still ongoing. The competition among the bidders is now in the final stage, and only a few companies were left in the race.
The remaining Yogiyo acquisition bidders
As per The Korea Times, the number of bidders is down to five, and these are confirmed for the final round of the bidding. In any case, it was reported that Yanolja, the leading travel and lodging service company in S. Korea, has dropped out, leaving four private equity funds (PEF) groups and Shinsegae, a retail giant, in the final set of candidates that may acquire Yogiyo.
According to the experts in the investment and banking sector, Shinsegae's SSG.com made it to the list as a qualified investor because of its huge funding power. There are other reasons, but this is the main driving force.
Currently, analysts predict that it is either MBK Partners, a financial services company, or Shinsegae’s SSG.com that will be Yogiyo’s new owner because they are the most qualified contenders among the remaining bidders.
"MBK Partners, which owns Homeplus, is a suboptimal contender that has qualified for the main bidding but will compete with the other major PEFs," an insider shared. “Affinity Equity Partners, Permira, and Bain Capital are the other three.
The delivery platform’s estimated value
In any case, it was noted that both MBK Partners and SSG.com are also contending to take over eBay Korea that was put up for sale earlier this year. Based on the estimation, the winner for this Yogiyo acquisition bid will have to shell out between ₩500 billion and ₩1 trillion. Initially, the estimated amount was as much as ₩2 trillion or about $1.78 billion.
As per The Korea Herald, all the bidders are aiming for a 100% stake in Yogiyo. Germany’s Delivery Hero owns the Korean food delivery platform. The German company acquired it from Baedal Minjok that is owned by Woowa Brothers.
Meanwhile, those that did not make it to the final round of Yogiyo bidding include CVC Capital Partners, TPG Capital, and TA Associates. Lotte was also in the race in the early phase of bidding but withdrew before the preliminary bids.
