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Delivery Hero Shares Fall
Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators
Key Takeaways 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 acquisition of the Delivery Hero-owned business would be anti-competitive.
Taiwan Blocks Uber’s $950 Million Bid for Delivery Hero Unit
Taiwan’s antitrust regulator rejected Uber Technologies Inc.’s plan to buy Delivery Hero SE’s Foodpanda business on the island for $950 million, arguing it would decrease competition in the fast-growing food-delivery industry.
Delivery Hero Shares Fall After Taiwan Halts Uber's Foodpanda Takeover
Delivery Hero shares fell after Taiwan blocked Uber Technologies' planned $950 million takeover of Foodpanda's local delivery business on anticompetition concerns. In early European trading, shares were down 7.7% at 26.38 euros. Year to date, shares have risen 5.5%.
23h
Bernstein not convinced Uber would be successful appealing TFTC on foodpanda
After Delivery Hero (DLVHF) issued a press release stating that the Taiwan Fair Trade Commission has blocked Uber‘s (UBER) pending acquisition ...
Free Malaysia Today
2d
Taiwan blocks Uber’s US$950mil purchase of Delivery Hero unit
Taiwan’s anti-trust regulator rejected
Uber
Technologies Inc’s plan to buy
Delivery
Hero
SE’s
Foodpanda
business on ...
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