Business News

Uber’s $950M purchase of Delivery Hero’s Foodpanda business blocked by Taiwan

Uber’s 0M purchase of Delivery Hero’s Foodpanda business blocked by Taiwan

Michael Derrer Fuchs/iStock Editorial via Getty Images

Uber Technologies (NYSE:UBER) planned $950 million acquisition of Delivery Hero SE’S (DHERO) Foodpanda business in Taiwan was blocked by the country’s antitrust regulator.

The acquisition was blocked by Taiwan’s Fair Trade Commission, Delivery Hero confirmed in a statement on Wednesday.

Delivery

Related Articles

Back to top button