Taiwan's Fair Trade Commission rejected Grab Holdings' $600 million purchase of Delivery Hero's Foodpanda Taiwan business, citing Grab's 13.1% Uber stake and overlapping board history as threats to competition in the island's two-platform delivery market.
Taiwan Regulator Blocks Grab's $600 Million Foodpanda Deal Over Uber Ties
Taiwan's Fair Trade Commission rejected Grab Holdings' $600 million purchase of Delivery Hero's Foodpanda Taiwan business, citing Grab's 13.1% Uber stake and overlapping board history as threats to competition in the island's two-platform delivery market.
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