NAVER stock price rises due to rumors of food delivery company sale… Named as a potential acquisition target

Naver’s stock price rose more than 4% at the start of trading on the 14th, showing strong momentum. As the possibility of the food delivery platform operator “Elegant Brothers” being sold became more apparent, Naver was listed as a potential acquisition candidate, which stimulated investor sentiment. This was considered one of the influencing factors.

On that day at the Korea Exchange, Naver’s price as of 9:34 a.m. was 215,000 won, up 4.47% from the previous trading day. The stock opened at 204,000 won, up 1.24%, and briefly rose to 214,500 won, with an intraday increase of 6.45%. Although it retreated some afterward, it maintained a strong overall trend in the early trading hours.

Market attention was drawn to the news that global food delivery company Delivery Hero, in advancing the sale of “Elegant Brothers,” had inquired about acquisition intentions from major domestic and international corporations as well as global private equity fund management firms. In the M&A market, simply mentioning influential companies as potential buyers often reflects market expectations for securing new growth drivers, thereby influencing stock price movements.

It is reported that Naver has received an investment memorandum containing core information from Delivery Hero, known as a pre-announcement letter. This document introduces the asset overview and transaction structure to potential investors before formal acquisition negotiations. Delivery Hero’s expected sale price is around 8 trillion won, and if the deal is finalized, this scale could significantly impact the domestic platform and the overall food delivery market.

Ultimately, the stock price increase that day can be seen as a market reaction to the potential expansion of Naver’s business, rather than just a simple short-term supply and demand change. However, whether the acquisition proceeds, the conditions involved, and the competitive landscape could have different impacts on the company’s value. Therefore, future official positions and the progress of the sale process may influence the stock price trend.