Taiwan blocks $950 million Uber-Eats Foodpanda deal, impacting Foodpanda's operations

From Nasdaq: 2024-12-25 02:48:49

Taiwan has blocked a $950 million transaction between Uber and Delivery Hero’s Foodpanda business in Taiwan. The acquisition was set to close in the first half of 2025. Foodpanda operates as a delivery platform in Asia and selected parts of Europe, including countries like Bangladesh, Cambodia, and Malaysia. The deal between Uber and Delivery Hero SE has been halted by Taiwanese authorities, impacting the future of Foodpanda’s operations in the region. Stay tuned for updates on this developing story.



Read more at Nasdaq: Reports: Taiwan Blocks Uber Eats-Foodpanda Deal