Uber Cancels $950M Foodpanda Deal in Taiwan Over Antitrust Concerns

The termination follows Taiwan's regulatory block citing potential anti-competitive impacts, with Uber set to pay a $250 million fee.

Uber has terminated its $950 million acquisition of Delivery Hero's Foodpanda in Taiwan after antitrust regulators blocked the deal.
Taiwan's Fair Trade Commission cited concerns that the merger would give Uber a 90% market share in the food delivery sector, potentially leading to price increases.
The deal, originally announced in May 2024, included a $250 million termination fee, which Uber will now pay to Delivery Hero.
A separate agreement for Uber to purchase $300 million in newly issued Delivery Hero shares remains unaffected by the acquisition's cancellation.
The decision reflects regulatory challenges in Taiwan's highly consolidated food delivery market, where Uber Eats and Foodpanda dominate.