Taiwan Blocks Uber Purchase of Delivery Hero’s Foodpanda, CNA Says
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.“The main competition for Uber Eats comes from Foodpanda,” Fair Trade Commission Vice Chairperson Chen Chih-min said at a briefing in Taipei, noting their combined market share would be over 90%. “The merger would lead to far greater disadvantages from competitive restrain...
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