Uber drops Foodpanda Taiwan deal over regulatory challenges
Uber has canceled its $950 million acquisition of Delivery Hero’s Foodpanda in Taiwan due to regulatory challenges. Foodpanda made this disclosure in a statement on Tuesday, according to Reuters. In December, Taiwan’s Fair Trade Commission blocked the deal over anti-competitive concerns, arguing that acquiring Foodpanda, Uber’s main rival, would give Uber a 90% market share […]