Uber technology has ended the Foodpanda hero acquisition in Taiwan, the German-based technology company says Tuesday. The announcement is approximately three months after Taiwan Antitrust regulators block the deal, expressing a competitive problem. The Commission is fair (FTC) said that if the uber got Foodpanda, the market she was in Taiwan will increase 90%, potentially with Uber price. Uber eating and Foodpanda is the top player in Taiwan’s food delivery market. In the new report, it is found that Foodpanda likes 52% of the market part of the month of January 2022 to August 2023, while the uber eating has 48%. The food delivery company is like Foodomo and several other food delivery applications make small percentage of Taiwan Market, with comparative. In the signed approval on May 14, 2024, Uber is required to pay the cost of the stop that is thought to be about $ 250 million. Uber and delivery heroes are not immediately responding to techcrunch request for comments. When Uber announces will buy the Foodpanda’s Taiwanese division, expected to complete the year of the year 2025. Movement is allocated to the Uber Plan in Asia, especially by reinforcing the Taiwan. Both of these companies are involved in a separate handle in Uber to buy $ 300 million regular shares issued from the delivery hero. The offer is also highlighted by the heroes forwarded from the market. At that time, the delivery hero was trying to sell another operational package to the southeast Asia – included in Singapore, Cambodia, Laos, Manmar, the third party has not been told. On September 20, complete the discussion, say in the statement of the “decision to stop negotiations after the discussion of the discussion is taken after careful consideration.” Delivery Delivery Heated Heroes Heating Heating With Grab in Southeast Asia. In September, Foodpanda food units puts the layoffs intended for streamlining operations in the form of potential sold. The cut followed staff before the staff was slowing in 2022 and 2023.
Uber stops the acquisition of footpanda taiwan, referring to regulations odds
