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Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda.

Uber stock was lower after regulators in Taiwan blocked its plan to acquire a competitor in the market for $950 million.

Uber's $950 million acquisition of Foodpanda in Taiwan blocked by antitrust regulators, affecting both Uber Technologies ...

TAIPEI: Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday (Dec 25) that the deal would significantly harm market competition.