Uber ends foodpanda Taiwan acquisition
Uber Technologies UBER has terminated its agreement to acquire Delivery Hero's Foodpanda business in Taiwan. The deal, valued ...
The decision to terminate the deal comes after regulators, including the Taiwan Fair Trade Commission, decided not to approve the transaction, according to statement from Delivery Hero on Tuesday.
The Fair Trade Commission (FTC) yesterday said it has approved Nokia ... it required the commission’s approval because the two companies have subsidiaries in Taiwan, it said in a statement.
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