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Taiwan blocks Uber-Foodpanda merger over monopoly concerns
The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for US$950 million, merging the top two players in Taiwan's food delivery market. "If Uber acquires ...
Nasdaq1mon
M&A News: Taiwan Blocks Uber’s Foodpanda Acquisition on Competitive Concerns
Noting that the merged entity will have over 90% market share on completion, Taiwan’s FTC vice chairman Chen Chi-ming stated, “If Uber acquires Foodpanda, it will be completely unrestrained by ...
The Express Tribune1mon
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 ...
KHQ1mon
Taiwan blocks Uber-Foodpanda merger over monopoly concerns
Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition. The US ride ...