Delivery Hero, Mrsool CEOs Clash on How Deal Talks Collapsed (1)

The chief executive officers of Delivery Hero SE and Mrsool have clashed on how deal talks between the two companies failed to result in a takeover of the Saudi delivery app.

Mrsool fielded multiple acquisition offers from Germany’s Delivery Hero and held talks, but decided it wanted to pursue an expansion that may include an initial public offering in the next two years, said Ayman Alsanad, Mrsool’s CEO and co-founder.

“Delivery Hero has a vision that is different from our own,” he said in an interview in Cairo.

However Niklas Oestberg, co-founder and CEO of Delivery Hero, shot back ...