DELHY News and Press, Delivery Hero From 12/22/21

We have seen an explosion in new Covid cases over recent weeks across the developed world. In the US, the 7-day average for new cases has grown from approximately 70k per day to nearly 160k per day in the past two months. That doesn’t even really count the hyper-contagious new Omicron ...

As the Omicron variant starts to take over the headline feed around Covid, investors are left with the need to diversify back into stories that work in pandemic restricted world. The data is unclear, but the broad market sell-off has yet to surface into the divide that defines the Covid winne...

DoorDash has acquired Wolt in an $9 billion stock for stock deal. Instantly after the news, DoorDash's stock soared by 15% - adding ~$10 billion in market capitalization. Wolt operates in very competitive food delivery markets. DoorDash acquired Wolt at a hefty valuation multi...

Prosus is one of the largest technology investors in the world. The discount to net asset value has become too large. Prosus has initiated a buyback program. Prosus has sold a 2% stake in Tencent. In addition to Prosus, Tencent is probably selling at a meaningful discount ...

Brett_Hondow/iStock Editorial via Getty Images Just Eat Takeaway (TKAYF) added as best idea long at Hedgeye as its acquisition of Grubhub is set to close on Thursday. Hedgeye analyst Howard Penney highlights that Just Eat is the only other global player in the food delivery space besides Uber...