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Germany

Taiwan FTC blocks USD 950 million Uber Eats-Foodpanda deal on anti-competition concerns

NYSE-listed Uber and Germany-based Delivery Hero announced the takeover deal for Foodpanda’s Taiwan food delivery business back in May, but the island’s Fair Trade Commission reportedly blocked the deal

By: THE WEEK
  • Dec 25 2024
  • 34
  • 4044 Views
Taiwan FTC blocks USD 950 million Uber Eats-Foodpanda deal on anti-competition concerns
Taiwan FTC blocks USD 950 mill
The much-talked-about purchase of Delivery Hero’s Foodpanda delivery business by competitor Uber Technologies was blocked by the Fair Trade Commission (FTC), the trade watchdog organisation of Taiwan, as per a report by the Central News Agency (CNA) ... [1316 chars]

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