Overview

• Uber and Delivery Hero have agreed on a $950 million cash deal for Foodpanda's Taiwan business.
• The transaction is expected to close in the first half of 2025, subject to regulatory approval.
• Uber will also purchase $300 million in newly issued Delivery Hero shares.
• The merger would give Uber and Foodpanda a combined 80% market share in Taiwan.
• Regulatory concerns focus on potential market competition restrictions.