Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators
Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda.
Taiwan Blocks Uber’s $950 Million Bid for Delivery Hero Unit
Taiwan’s anti-trust 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.
Taiwan Blocks Uber’s $950 Million Takeover of Local Foodpanda Business
Taiwan has blocked Uber Technologies’ planned takeover on anticompetition concerns, thwarting the U.S. company’s efforts to expand in Asia.
FTC blocks Uber’s Foodpanda plan
Uber Technologies Inc’s plan to acquire Delivery Hero SE’s local Foodpanda business for US$950 million has been rejected, the Fair Trade Commission (FTC) said yesterday, citing anti-competitive concerns.
Taiwan blocks $950 mn Uber-Foodpanda deal, merger to exceed 90% market share
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business because of concerns it would be anti-competitive
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%.
Taiwan FTC blocks USD 950 million Uber Eats-Foodpanda deal on anti-competition concerns
NYSE-listed Uber and Germany-based Delivery Hero announced the takeover deal for Foodpanda’s Taiwan food delivery business back in May, but the island’s Fair Trade Commission reportedly blocked the de
Taiwan blocks Uber's $950 million Foodpanda deal over competition concerns
Taiwan has blocked Uber Technologies' $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday.
Uber's $950M purchase of Delivery Hero's Foodpanda business blocked by Taiwan
Uber Technologies (NYSE:UBER) planned $950 million acquisition of Delivery Hero SE'S (DHERO) Foodpanda business in Taiwan was blocked by the country's antitrust regulator. The acquisition was blocked by Taiwan's Fair Trade Commission,
Uber Disappointed as Taiwan Rejects Deal for Delivery Hero Unit
Uber Technologies Inc. said it remained committed to Taiwan after the island’s anti-trust regulator rejected its plan to buy Delivery Hero SE’s Foodpanda business on the island for $950 million.
Uber Stock Lower After Taiwan Regulators Block $950 Million Foodpanda Deal
Uber stock was lower after regulators in Taiwan blocked its plan to acquire a competitor in the market for $950 million.
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