Bloomberg / Contributor / Getty Images Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda, The Wall Street Journal reported Thursday.

Taiwan has blocked Uber Technologies’ planned $950 million takeover of Foodpanda’s local delivery business on anticompetition concerns, thwarting the U.S. company’s efforts to expand in Asia.

UBER) issued a statement on Thursday after the company's planned $950 million acquisition of Delivery Hero SE's (DHERO) Foodpanda business was blocked by Taiwan's Fair Trade Commission.

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 ...

Taiwan’s Fair Trade Commission blocked Uber‘s (UBER) $950M purchase of Delivery Hero’s (DLVHF) Foodpanda business over concerns it would be anti-competitive, Reuters reports.

Uber Technologies said that it remained committed to Taiwan after the island’s antitrust regulator rejected its plan to buy Delivery Hero’s foodpanda business on the island for US$950 million. Uber ...

Uber Technologies (NYSE:UBER) just hit a major speed bump in Taiwan. The country's Fair Trade Commission (FTC) slammed the brakes on Uber's $950 million bid to acquire Delivery Hero's Foodpanda ...

Dec 25 (Reuters) - Taiwan has blocked Uber Technologies' (UBER.N), opens new tab $950 million purchase of Delivery Hero's (DHER.DE), opens new tab Foodpanda business on the island because of ...