Taiwan's FTC blocks Grab's Foodpanda acquisition over competition concerns

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 21 Oct, 23:55 UTC

Grab Holdings' proposed acquisition of Delivery Hero's Foodpanda operations in Taiwan has been rejected by Taiwan's Fair Trade Commission (FTC). The commission made the announcement on October 21, blocking the deal on the grounds that it would restrict market competition. Grab issued a statement…