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Uber cancels $950M Foodpanda Taiwan buy amid antitrust fears, pays $250M termination fee.
Uber has terminated its $950 million acquisition plan for Foodpanda's Taiwan business due to antitrust concerns from Taiwan's Fair Trade Commission, which feared it would control over 90% of the food delivery market.
Uber will pay a $250 million termination fee and continue operating in Taiwan without appealing the decision.
Foodpanda's parent company, Delivery Hero, remains committed to the market.
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Uber cancela $950M Foodpanda Taiwán compra en medio de los temores antimonopolio, paga $250M tarifa de terminación.