EMEA Internet: Newsflow you might have missed...

Research evidence excerpt

EMEA Internet: Newsflow you might have missed...

Barclays | EMEA Internet

manager and has reportedly sounded out domestic and international strategic buyers and

financial investors regarding a sale of Baemin. Uber is also exploring an acquisition of Kakao

Mobility, with due diligence understood to be under way, although any transaction would be

subject to review by the Korea Fair Trade Commission. None of the companies in question has

commented on the report.

Barclays' view. Second article highlighting ongoing discussions around a potential Baemin

sale, with Uber increasingly flagged as an interested buyer, potentially alongside Naver. We

think a sale would be positive for Delivery Hero.

•• Delivery Hero / Glovo - Agreement on Glovo's ERE: layoffs drop from 750 to 436 riders

(elPeriodico, 13/05/2026) Glovo has reached an agreement with majority unions on its

employment regulation process (ERE) in Spain, reducing planned rider layoffs from 750 to 436,

with a further 68 riders to be relocated to nearby cities. Affected riders will receive compensation

equivalent to 37 days per year worked, rising to 42 days in cases where relocation is not

possible, and Glovo committed to negotiating a new collective agreement governing its delivery

fleets. The restructuring affects operations in several smaller Spanish cities, where Glovo will

continue service via subcontracted fleets.

Barclays' view. Positive step with some resolution in Spain, though still some broader legal

cases remain in Spain/Italy.

•• Delivery Hero - Invitation to the Delivery Hero AGM (Bloomberg, 13/05/2026) Delivery

Hero published the convocation for its 2026 AGM, proposing re-election of Scott Ferguson and

Roger Rabalais to the Supervisory Board, alongside resolutions on FY25 approvals, auditor