Taiwan stops Foodpanda, Uber merger
TAIPEI: Taiwan has rejected ride-hailing giant Uber’s plan to buy Delivery Hero’s Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition.
The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for US$950 million, 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 chairman Chen Chi-ming told a press conference.
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