Ecosystem Roundup: Taiwan blocks Grab’s US$600M foodpanda deal over Uber’s stake

Taiwan’s Fair Trade Commission has blocked Delivery Hero’s sale of foodpanda Taiwan to Grab, scuttling a US$600 million all-cash deal agreed in March. The regulator said the remedies on offer could not offset the harm to competition. The sticking point is Uber. The US company holds about 13.1% of Grab, a legacy of their 2018 regional deal, […] The post Ecosystem Roundup: Taiwan blocks Grab’s US$600M foodpanda deal over Uber’s stake appeared first on e27.

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.