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Taiwan Blocks Uber's $950 Million Foodpanda Acquisition Over Monopoly Concerns

  • Taiwan has rejected Uber's plan to buy Delivery Hero's Foodpanda due to monopoly concerns, stating the deal would significantly harm market competition.
  • If Uber acquires Foodpanda, it would be completely unrestrained by competition, leading to higher prices for consumers and increased commissions for restaurant operators.
  • The merged companies' market share would exceed 90 percent, which raises serious concerns about competition.
  • Taiwan concluded that no corrective measures could sufficiently ensure competition would be maintained after the merger.
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  • 38% of the sources are Center, 38% of the sources lean Right
38% Center
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