Delivery Hero confirms talks on partial sale of Asian business, Grab may pay $1b for unit

Delivery Hero confirms talks on partial sale of Asian business, Grab may pay $1b for unit

Andreas Harte, a Foodora delivery cyclist poses in front of Delivery Hero headquarters in Berlin, Germany, June 2, 2017. Foodora is part of the Berlin-based company Delivery Hero, one of Europe's largest internet start-ups. Picture taken June 2, 2017. REUTERS/Fabrizio Bensch

Delivery Hero confirmed talks on a partial sale of its Asia business on Wednesday, adding that the deal’s value is still under negotiation.