Delivery Hero thwarted again in attempt to buy a Saudi rival

Germany's Delivery Hero has failed a second time to buy a Saudi rival, after a competition watchdog rejected its takeover offer of food delivery service The Chefz. — REUTERS

Delivery Hero SE’s second attempt to buy a Saudi rival has failed after the local competition watchdog rejected its takeover offer for The Chefz.

Saudi Arabia’s General Authority for Competition didn’t disclose any details or the reasons for its decision in a statement on Sunday but said Germany’s Delivery Hero sought to buy all of the Riyadh-based firm. The Chefz said, however, that talks are still ongoing.