Taiwan Blocks Uber's $950M Foodpanda Acquisition

CosmicTaco · 2024-12-26T10:47:10.719223+05:30

- Taiwan's Fair Trade Commission (FTC) blocked Uber's $950M acquisition of Delivery Hero's Foodpanda, citing competition concerns. - The FTC noted that the merger would result in a combined market share of over 90%, limiting competition and potentially leading to higher prices. - Uber expressed disappointment but remains committed to investing in Taiwan's growing food-delivery market. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-12-25/taiwan-blocks-uber-s-acquisition-of-delivery-hero-s-local-arm)

Taiwan's Fair Trade Commission (FTC) blocked Uber's $950M acquisition of Delivery Hero's Foodpanda, citing competition concerns.
The FTC noted that the merger would result in a combined market share of over 90%, limiting competition and potentially leading to higher prices.
Uber expressed disappointment but remains committed to investing in Taiwan's growing food-delivery market.

Source: Bloomberg