Taipei, Dec 25, 2024 (AFP) - Taiwan blocks Uber-Foodpanda merger over monopoly concerns

NAMPA / AFP

2024-12-25

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 Tra......

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