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Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators
UBERUber(UBER) Investopedia·2024-12-26 17:05

Key TakeawaysRegulators in Taiwan blocked Uber's 950millionpurchaseofonlinefooddeliveryandorderingplatformFoodpanda,TheWallStreetJournalreportedThursday.OfficialsreportedlysaidUber′sacquisitionoftheDeliveryHero−ownedbusinesswouldbeanti−competitive.Uberarguedthedealwouldbebeneficialtoconsumers.RegulatorsinTaiwanblockedUberTechnologies′(UBER)planned950 million purchase of online food delivery and ordering platform Foodpanda, The Wall Street Journal reported Thursday.Officials reportedly said Uber's acquisition of the Delivery Hero-owned business would be anti-competitive.Uber argued the deal would be beneficial to consumers. Regulators in Taiwan blocked Uber Technologies' (UBER) planned 950 million purchase of Singapore-based online food delivery and ordering platform Foodpanda, The Wall Street Journa ...