(RTTNews) - As per media reports, Taiwan has blocked a transaction between Uber and Delivery Hero's Foodpanda business in Taiwan. In May, Uber Technologies (UBER) and Delivery Hero SE reached an ...

Taiwan’s Fair Trade Commission has rejected a proposed US$900 million deal for Uber Eats to acquire the Taiwan business of its main rival in the market, Foodpanda.

The Fair Trade Commission today rejected Uber Eats’ acquisition of Foodpanda’s Taiwan delivery service due to concerns about competition. Uber Eats publicly announced its plan to acquire Foodpanda’s ...

TAIPEI (Taiwan News) — Taiwan's FTC announced it will block the merger between Uber Eats and Foodpanda on Wednesday, citing concerns about market overconcentration. Uber Eats had announced on May 14 ...

UberEats had aimed to complete the all-cash deal by the first half of next year. The acquisition would have been one of Taiwan’s largest outside of the chip industry, marking a retreat for Delivery ...

Taiwan's Fair Trade Commission (FTC) has halted Uber Technologies' proposed $950m acquisition of Delivery Hero's Foodpanda operations, citing concerns over potential anti-competitive effects in ...

Let's get realthis deal would've been a game-changer for Uber. Uber Eats dominates northern Taiwan's bustling urban areas, while Foodpanda has locked down the south and smaller cities. Pairing up ...

The merger, which was initially announced in May 2023, would have significantly increased Uber Eats’ dominance in Taiwan’s food delivery market, giving the combined company over 90% of the ...

The merger would eliminate this competitive pressure,” said Dr Chen Chih-min, vice-chairman of Taiwan’s FTC. “Post-merger, Uber Eats would be less constrained by competition, giving it more ...