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M&A News: Taiwan Blocks Uber’s Foodpanda Acquisition on Competitive Concerns
Taiwan’s Federal Trade Commission (FTC) has blocked Uber Technologies’ ($UBER) proposed $950 million acquisition of Delivery ...
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Taiwan FTC halts Uber’s Foodpanda deal over competition issues
Taiwan's Fair Trade Commission (FTC) has halted Uber Technologies' proposed $950m acquisition of Delivery Hero's Foodpanda operations, citing concerns over potential anti-competitive effects in ...
The Taipei Times21d
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 ...
Yahoo Finance20d
Taiwan FTC blocks Uber’s $950M purchase of Foodpanda, Reuters says
UberEats’ main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure,” Chen Chih-min, vice chairman of Taiwan’s FTC, said, according to Reuters.
Taiwan News21d
Taiwan FTC blocks Uber Eats-Foodpanda merger
TAIPEI (Taiwan News) — Taiwan's FTC announced it will block the merger between Uber Eats and Foodpanda on Wednesday, citing concerns about market overconcentration. Uber Eats had announced on May 14 ...
Benzinga.com21d
Uber's Foodpanda Acquisition Blocked in Taiwan Due to Competition Concerns
Taiwan's FTC blocks Uber's $950M Foodpanda deal, fearing reduced competition and higher prices in the food delivery market. Uber may appeal the decision, which was expected to boost profits by $ ...
Reuters22d
Taiwan blocks Uber's $950 mln Foodpanda deal over competition concerns
"In the food delivery platform market, UberEats' main competitive pressure comes from Foodpanda. The merger would eliminate this competitive pressure," Chen Chih-min, vice chairman of Taiwan's FTC ...