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.

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.

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 ...

Taiwan, home to the local companies involved, has blocked Uber Technologies' (UBER, Financial) proposed $950 million acquisition of Foodpanda's local delivery business, citing anticompetition ...

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 ...

Taiwan has blocked Uber Technologies’UBER3.36%increase; green up pointing triangle planned $950 million takeover of Foodpanda’s local delivery business on anticompetition concerns, thwarting t ...