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

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 23 Oct, 06:00 UTC

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…

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• T2Ecosystem Roundup: Taiwan blocks Grab’s US$600M foodpanda deal over Uber’s stakeSEA: e27 / Vulcan Post23 Oct, 06:00