Author Archives: Lashes and Tan

Taiwan blocks Uber’s $950 million Foodpanda deal, Bloomberg News reports

Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of anti-competition concerns, Bloomberg News reported on Wednesday, citing Taiwan’s official Central News Agency (CNA). Uber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside regular business hours. Taiwan’s Fair Trade Commission could not be immediately reached.

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Author: Reuters