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Bloomberg
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Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
Bloomberg :
2024-12-25
Bloomberg
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Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
- Fair Trade Commission concerned deal would limit competition — Uber had sought Delivery Hero's Foodpanda unit in Taiwan
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Uber announces plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025
Sarah Zheng / Bloomberg :
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