Taiwan Blocks Uber's $950M Acquisition of Foodpanda Over Competition Concerns

Regulators determined the merger would harm market competition, granting Uber Eats over 90% market share in Taiwan's food delivery sector.

Taiwan's Fair Trade Commission (FTC) rejected Uber's proposed $950 million purchase of Foodpanda, citing anti-competitive risks.
The combined market share of Uber Eats and Foodpanda in Taiwan would have exceeded 90%, raising concerns about reduced competition and higher prices for consumers.
The FTC concluded that no corrective measures could sufficiently address the potential harm to market competition caused by the merger.
Uber expressed disappointment with the decision but indicated it remains committed to investing in Taiwan's fast-growing food delivery market.
Delivery Hero, Foodpanda's parent company, now faces uncertainty regarding the future of its Taiwan operations after the deal's collapse.