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Uber terminates Delivery Hero's Foodpanda business acquisition
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Uber terminates Delivery Hero's Foodpanda business acquisition
Mar 11, 2025 12:52 PM

(Reuters) - Uber ( UBER ) has decided terminate its agreement to acquire Delivery Hero's Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday.

Taiwan had in February blocked Uber's ( UBER ) $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive.

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