Uber to Acquire Foodpanda's Taiwan Operations for $950 Million

The acquisition, pending regulatory approval, would consolidate Uber's dominance in Taiwan's food delivery market.

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.