Taiwan blocks Uber’s $1.3 billion Foodpanda deal over …
Dec 25, 2024 · TAIPEI - Taiwan has blocked Uber Technologies’ US$950 million (S$1.3 billion) purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the...
Taiwan FTC blocks Uber Eats-Foodpanda merger | Taiwan News …
Dec 25, 2024 · TAIPEI (Taiwan News) — Taiwan's FTC announced it will block the merger between Uber Eats and Foodpanda on Wednesday, citing concerns about market overconcentration. Uber Eats had announced on May 14 its plans to acquire Foodpanda, per CNA .
Taiwan Blocks Uber's $950M Foodpanda Deal Over Antitrust …
Dec 26, 2024 · Taiwan, home to the local companies involved, has blocked Uber Technologies' (UBER, Financial) proposed $950 million acquisition of Foodpanda's local delivery business, citing anticompetition...
FTC blocks Uber’s Foodpanda plan - Taipei Times
Dec 25, 2024 · Uber Technologies Inc’s plan to acquire Delivery Hero SE’s local Foodpanda business for US$950 million has been rejected, the Fair Trade Commission (FTC) said yesterday, citing anti-competitive concerns. UberEats had aimed to complete the all-cash deal by the first half of …
Taiwan blocks Uber's $950 million Foodpanda deal over …
Dec 25, 2024 · (Reuters) -Taiwan has blocked Uber Technologies' $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade ...
Taiwan regulators block Uber's $950 million Foodpanda deal
Dec 25, 2024 · Taiwanese antitrust regulators on Wednesday blocked Uber from buying the Taiwan unit of Foodpanda from Delivery Hero for $950 million in cash. Why it matters: This would have been one of the largest foreign acquisitions ever of a Taiwanese company outside of the semiconductor sector.
Taiwan blocks Uber-Foodpanda merger over monopoly concerns
Dec 25, 2024 · 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.
Taiwan delivery drivers protest planned Uber Eats-Foodpanda …
Dec 5, 2024 · TAIPEI (Taiwan News) — Food delivery drivers protested Uber Eats’ plan to acquire Foodpanda outside the Fair Trade Commission in Taipei on Wednesday (Dec. 4). The National Delivery Industrial Union led the gathering of around 200 delivery drivers and presented “three noes and one demand” related to the merger, per CNA .
Taiwan Uber Eats-Foodpanda merger review extended | Taiwan News …
Dec 9, 2024 · TAIPEI (Taiwan News) — The Fair Trade Commission said Monday it will extend its review of a proposed Uber Eats-Foodpanda merger, with results expected by March at the latest. The commission said in a release that it decided to extend the review because of the case’s importance to society.
Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators
Dec 26, 2024 · Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda, The Wall Street Journal reported Thursday. Officials reportedly said Uber's ...