Taiwan blocks Uber's acquisition of Foodpanda, citing competition concerns in the food delivery market.

Taiwan's Fair Trade Commission has blocked Uber's $950 million acquisition of Foodpanda Taiwan, citing concerns over market competition. The deal would have merged the top two players in Taiwan's food delivery market, potentially giving them over 90% market share. Despite Uber's claims, the commission determined that no measures could ensure fair competition post-merger. This decision has been welcomed by Taiwan's delivery trade union.

3 months ago
46 Articles

Further Reading