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Uber Stock Lower
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.
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.
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.
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 FTC blocks Uber’s $950M purchase of Foodpanda, Reuters says
M purchase of Delivery Hero’s (DLVHF) Foodpanda business over concerns it would be anti-competitive, Reuters reports. Delivery Hero said in a statement Uber may appeal the commission’s decision or terminate the acquisition.
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.
Uber reacts to regulatory snub in Taiwan
Uber Technologies ( NYSE: UBER) issued a statement on Thursday after the company's planned $950 million acquisition of Delivery Hero SE's ( DHERO) Foodpanda business was blocked by Taiwan's Fair Trade Commission.
Taiwan Blocks Uber's $950M Foodpanda Deal Over Antitrust Concerns
The debt ceiling is back on the table for 2025. Here's what happens next.
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 blocks Uber-Foodpanda merger over monopoly concerns
Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition.
2d
Uber's Foodpanda Acquisition Blocked in Taiwan Due to Competition Concerns
Taiwan's FTC blocks Uber's $950 million acquisition of Foodpanda, citing anti-competitive concerns over market dominance and ...
2d
on MSN
5 Things to Know Before the Stock Market Opens
U.S. stock futures are lower after tech stocks helped fuel a Christmas Eve rally. Here's what investors need to know today.
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