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Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles
Uber Technologies has ended its acquisition of Delivery Hero’s Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday. The announcement comes
When Uber announced it would buy Foodpanda’s Taiwan division from Delivery Hero, it expected to complete the deal in the first half of 2025. The two companies also engaged in a separate deal in which Uber agreed to buy $300 million of newly issued ordinary shares from Delivery Hero. At the time, Delivery Hero was trying to sell off a package of its other Southeast Asian operations — including in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines, and Thailand — to an undisclosed third party.
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