PolicyFortuneabout 2 hours ago
Taiwan blocks Grab's $600 million Foodpanda deal
2 min read
Taiwan's Fair Trade Commission blocked Grab Holdings' $600 million purchase of Foodpanda's Taiwan business on Wednesday due to Uber's 13.1% stake. The regulator cited equity ties that would reduce competition with Uber Eats. Grab expressed disappointment, noting the deal would have made Taiwan its ninth market and first outside Southeast Asia.
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