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Taiwan FTC blocks Grab's $600M Foodpanda Taiwan deal

1 reports1 report sources3 hours agoUpdate

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Taiwan's Fair Trade Commission blocked Grab's $600 million purchase of Delivery Hero's Foodpanda Taiwan business. The regulator cited Grab's equity and board ties to Uber, which runs Taiwan's other leading food delivery platform. The decision stops the deal from closing. Grab is based in Singapore; Delivery Hero is the seller.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 22 17:56
Taiwan regulator blocks Grab's $600 million Foodpanda deal over Uber ties

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Oct 22
  1. Fortune Term SheetTop Deals
    Taiwan regulator blocks Grab's $600 million Foodpanda deal over Uber ties

    Taiwan's Fair Trade Commission blocked Grab's $600 million purchase of Delivery Hero's Foodpanda Taiwan business.

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