Uber terminates Delivery Hero's Foodpanda business acquisition
ReutersMar 11, 2025 7:10 PM
March 11 (Reuters) - Uber UBER.N has decided terminate its agreement to acquire Delivery Hero's DHER.DE 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 $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive.
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