Reported about 9 hours ago
Uber Technologies has officially terminated its plan to buy Delivery Hero's Foodpanda business in Taiwan after the antitrust regulator vetoed the deal. Despite this setback, which incurs a $250 million termination fee, Uber remains committed to operating in Taiwan and will not appeal the regulator's decision. The planned acquisition, valued at $950 million, highlighted ongoing industry consolidation amid declining demand in the online delivery market.
Source: YAHOO