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Taiwan Blocks Uber Eats-Foodpanda Deal
Taiwan regulators block Uber's $950 million Foodpanda deal
Taiwanese antitrust regulators on Wednesday blocked Uber from buying the Taiwan unit of Foodpanda from Delivery Hero for $950 million in cash. Why it matters: This would have been one of the largest foreign acquisitions ever of a Taiwanese company outside of the semiconductor sector.
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 $950M Foodpanda Deal Over Antitrust Concerns
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Taiwan blocks Uber’s $1.3 billion Foodpanda deal over competition concerns
Uber and German food delivery firm Delivery Hero announced the Taiwan deal in May. Read more at straitstimes.com.
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