Ecosystem Roundup: Taiwan blocks Grab’s US$600M foodpanda deal over Uber’s stake
Taiwan’s Fair Trade Commission has blocked Delivery Hero’s sale of foodpanda Taiwan to Grab, scuttling a US$600 million all-cash deal agreed in March. The regulator said the remedies on offer could not offset the harm to competition. The sticking point is Uber. The US company holds about 13.1% of Grab, a legacy of their 2018 regional deal, […] The post Ecosystem Roundup: Taiwan blocks Grab’s…
Taiwan's Fair Trade Commission has halted Delivery Hero's acquisition of foodpanda Taiwan, blocking a US$600 million deal. The regulator deemed the proposed remedies insufficient to address the competition harm. The main issue is Uber's 13.1% stake in Grab, a holdover from their 2018 regional agreement. The commission argued this stake would limit competition between Grab-owned foodpanda and Uber Eats, even though Grab's dual-class structure limits Uber's voting power.
The regulator also cited the 2018 merger, for which both companies were fined about US$9.5 million by Singapore's competition watchdog. Uber recently agreed to buy Delivery Hero, leaving it embroiled in the dispute. This is the second time in under two years that Taiwan has rejected a sale, following a rejection of Uber's US$950 million bid in December 2024.
Foodpanda Taiwan generated US$1.8 billion in gross merchandise value (GMV) last year, and the deal would have given Grab just over half the market. Delivery Hero can appeal the decision.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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