taiwan's ftc

Delivery Hero says Uber has terminated its $950M deal to acquire Foodpanda in Taiwan and will pay a ~$250M termination fee after Taiwan's FTC blocked the deal

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 :

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