Taiwan Regulator Blocks Grab's Purchase of Foodpanda Delivery Business in Taiwan
The regulator said the US$600 million deal would hurt competition and that the companies’ remedies were insufficient.
8 Articles
8 Articles
Taiwan's competition regulator vetoed the acquisition of delivery Hero's local businesses by Grab, claiming competing concerns in the delivery market. Exclusive material for subscribers. To have full access, access the link of the material and register.
Taiwan blocks Grab's US$600M foodpanda deal over Uber ties
Taiwan's Fair Trade Commission (FTC) on Wednesday rejected Grab Holdings Ltd.'s proposed US$600 million acquisition of foodpanda's Taiwan operations, citing concerns that Grab's ownership ties with Uber could undermine competition in the country's food delivery market.
Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in Taiwan
TAIPEI: Taiwan's Fair Trade Commission said on Wednesday (Oct 21) it had blocked Grab's purchase of Delivery Hero's Foodpanda delivery business in Taiwan, citing competition concerns.Grab, Southeast Asia's biggest ride-hailing and delivery firm, said in March it would pay US$600 million in cash for the Foodpa
FTC blocks Grab’s acquisition of Foodpanda Taiwan
The Fair Trade Commission (FTC) today blocked Grab Holdings Ltd’s proposed acquisition of Delivery Hero SE’s Foodpanda operations in Taiwan, citing concerns that the deal would negatively impact competition in Taiwan’s food delivery market. Uber, the parent company of Taiwan’s leading food delivery
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