Taiwan blocks Uber's $950 million purchase of Foodpanda due to competition concerns

From Investing.com: 2024-12-25 01:40:37

Taiwan blocks Uber’s $950 million purchase of Delivery Hero’s Foodpanda due to anti-competition concerns, reports Bloomberg News citing Taiwan’s CNA. Uber, Delivery Hero, and Foodpanda have not responded to requests for comment. Taiwan’s Fair Trade Commission is unreachable for comment. The source of the information was not detailed by CNA. Uber and Delivery Hero announced the deal in May, including a separate agreement for Uber to buy $300 million in newly issued shares from the German food delivery firm.



Read more at Investing.com: Taiwan blocks Uber’s $950 million Foodpanda deal, Bloomberg News reports By Reuters