Taiwan Shuts Down Uber's $950M Foodpanda Deal in Shocking Antitrust Ruling
The country's Fair Trade Commission (FTC) slammed the brakes on Uber's $950 million bid to acquire Delivery Hero's Foodpanda business, citing fears of a market monopoly. Together, these two giants control over 90% of Taiwan's food delivery sectora concentration of power the FTC wasn't willing to greenlight.
Uber Technologies Inc (NYSE:UBER) stock is down 0.2% at $61.58 at last glance, after Taiwan's Fair Trade Commission ...
Uber and German food delivery firm Delivery Hero announced the Taiwan deal in May. Read more at straitstimes.com.
U.S. stock futures are lower after tech stocks helped fuel a Christmas Eve rally. Here's what investors need to know today.
TAIWAN has blocked Uber Technologies’ US$950 million purchase of Delivery Hero’s Foodpanda business on the island because of ...
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