Uber ends Taiwan’s acquisition of foodpand, quotes regulatory obstacles

Uber Technologies finished hero’s delivery food acquisition in Taiwan, the technology facility of Germany based on Germany said the Tuesday. I am

The announcement comes about three months later Taiwan Antitrust Regulator blocked the deal, citing competitive issues. I am The joke of the commissioner (FTC) said that if Uber has purchased foodpand, his market savings in Taiwan increased 90%, potential to increase yours.

Uber eats and foodpand are the top players in the Taiwan shipping market. In a recent report, it was found The one-handled peeze enjoyed 52% market parties from 2022 to August 2023, while Uber eats had 48%. Fastening delivery companies such as the other fast-food delivery apps make a minimum percentage of the Taiwan market part of the Taiwan, comparatively.

Under the agreement signed on May 14, 2024, Uber is required to pay a termination fee that is estimated to be approximately $ 250 million USD.

Uber and the shipping hero did not respond immediately to a Techcrunch request for comment.

When uber announced It would buy the Taiwan Division of Taiwan, expect to complete the first half of 2025. The move is away with the Uber floor by eating his presence in Taiwan. The two companies are also engaged in a separate agreement in which Uber agreed to buy $ 300 million ordinary share again from the shipping hero.

The agreement has highlighted the retreat of considered delivery by the same market. At the time, delivery hero was to prove to sell their nearest operatura of heriatis – marching in the morail, Laos, Philip, for another party. In September 2023, it is ended these discussionssaying in a statement that the “decision to end negotiations after the months of discussions were taken after correct consideration.”

The creep delivery delivery recovery delivery delivery of the hero with the capture in South Asia.

In September, their unit of food stab a layoff intended for styling operations in front of a potential sale. The cutts followed the staffing meadows in 2022 and 2023.