Taiwan blocks Uber's $950 million Foodpanda deal, Bloomberg reports Reuters


(Reuters) – Taiwan has blocked Uber Technologies' (NYSE: ) $950 million purchase of delivery hero's Foodpanda business on the island due to anti-competitive concerns, Bloomberg News reported on Wednesday, citing Taiwan's Central News Agency (CNA) official.

Uber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside regular business hours.

The Taiwan Fair Trade Commission was not immediately forthcoming.

© Reuters. FILE PHOTO: The Uber logo is seen at a temporary display on the Promenade during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo

Bloomberg News said CNA did not say where it got the information.

Uber and Delivery Hero announced the Taiwan deal in May, which also included a separate deal for Uber to buy $300 million in newly issued shares of the German food delivery firm.





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