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M&A News: Taiwan Blocks Uber’s Foodpanda Acquisition on Competitive Concerns
Taiwan’s Federal Trade Commission (FTC) has blocked Uber Technologies’ ($UBER) proposed $950 million acquisition of Delivery ...
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Taiwan blocks Uber's $950 million Foodpanda deal over competition concerns
The merger would eliminate this competitive pressure," Chen Chih-min, vice chairman of Taiwan's FTC, said. "Post-merger, UberEats would be less constrained by competition, giving it more incentive ...
Nasdaq24d
Taiwan FTC blocks Uber’s $950M purchase of Foodpanda, Reuters says
“In the food delivery platform market, UberEats’ main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure,” Chen Chih-min, vice chairman of Taiwan ...
Yahoo Finance24d
Taiwan FTC halts Uber’s Foodpanda deal over competition issues
Taiwan's Fair Trade Commission (FTC) has halted Uber Technologies' proposed $950m acquisition of Delivery Hero's Foodpanda operations, citing concerns over potential anti-competitive effects in ...
Channel NewsAsia Singapore25d
Taiwan blocks Uber-Foodpanda merger over monopoly concerns
"If Uber acquires Foodpanda, it will be completely unrestrained by competition," Taiwan's Fair Trade Commission (FTC) vice chairman Chen Chi-ming told a press conference. "Post-merger, UberEats ...
The Taipei Times24d
FTC blocks Uber’s Foodpanda plan
UberEats had aimed to complete the all-cash deal by the first half of next year. The acquisition would have been one of Taiwan’s largest outside of the chip industry, marking a retreat for Delivery ...
The Express Tribune24d
Taiwan halts Uber's Foodpanda acquisition
Taiwan has blocked Uber Technologies' $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC ...
Reuters25d
Taiwan blocks Uber's $950 mln Foodpanda deal over competition concerns
"In the food delivery platform market, UberEats' main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure," Chen Chih-min, vice chairman of Taiwan's FTC ...
Nasdaq24d
M&A News: Taiwan Blocks Uber’s Foodpanda Acquisition on Competitive Concerns
Taiwan is a highly competitive market ... The regulatory body contends that following the merger, UberEats will face less competition. This will give it more power to raise prices and increase ...
Yahoo Finance24d
Taiwan blocks Uber's $950 million Foodpanda deal over competition concerns
"In the food delivery platform market, UberEats' main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure," Chen Chih-min, vice chairman of Taiwan's FTC ...
VN Express24d
Taiwan blocks Uber's $950M Foodpanda deal over competition concerns
"In the food delivery platform market, UberEats' main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure," Chen Chih-min, vice chairman of Taiwan's FTC, ...
Business Recorder24d
Taiwan blocks Uber’s $950m Foodpanda deal over competition concerns
"In the food delivery platform market, UberEats' main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure," Chen Chih-min, Vice Chairman of Taiwan's FTC ...