PolicyTech in Asiaabout 4 hours ago
Taiwan Blocks Grab Foodpanda Deal
3 min read
Taiwan's Fair Trade Commission rejected Grab Holdings' US$600 million acquisition of foodpanda's Taiwan operations on Oct. 21 due to Uber ties. The regulator cited competition concerns, noting Uber holds 13.1 percent of Grab's shares. Grab expressed disappointment but plans to continue investing in Southeast Asia.
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