Uber, Naver Team up to Buy Baemin Food Delivery from German Owner
By Reuters | 18 May, 2026

Uber and South Korean internet giant Naver submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea's largest food delivery platform.

Uber and South Korean internet giant Naver have formed a consortium and submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea's largest food delivery platform, the Seoul Economic Daily reported on Monday.

Uber and Naver formed an 8-to-2 consortium aiming to acquire a 100% stake in Baedal Minjok (Baemin), the Korean food delivery platform operated by Germany's Delivery Hero, the report said, citing unnamed sources in investment banks.

A Naver spokesperson told Reuters the company received a teaser letter related to the deal but nothing has been decided.

($1 = 1,498.1500 won)

(Reporting by Hyunjoo Jin, Cynthia Kim; Editing by Kirsten Donovan)