Taiwan Blocks Uber's Foodpanda Takeover Amid Fears of Monopoly in $950 Million Deal
Taiwan has rejected Ubers $950 million acquisition of Delivery Heros Foodpanda, citing concerns over anti-competitive effects and potential price hikes for consumers. The Fair Trade Commission said the merger would
According to the FTC's decision, the merger would significantly lessen competition in the Taiwan food delivery market, reducing competition that now presses Uber's delivery unit, which is led by ...
merging the top two players in Taiwan's food delivery market. "If Uber acquires Foodpanda, it will be completely unrestrained by competition," Taiwan's Fair Trade Commission (FTC) vice ...
The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for $950 million, merging the top two players in Taiwan's food delivery market.
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