Taiwan rejects Grab's proposed $600 million Foodpanda acquisition

The FTC found that Uber's 13.1% stake in Grab and ties between the companies could weaken competition with Uber Eats, according to RuntimeWire. Grab announced the cash deal in March as its first expansion beyond Southeast Asia, where it is the largest ride-hailing and delivery firm, The Economic Times reported.

Covered by 3 publishers within 16 hours of the first report.

• DigiTimes: Taiwan's FTC blocks Grab's Foodpanda acquisition over competition concerns

Reporting3

RTW RuntimeWire Taiwan blocks Grab's $600M Foodpanda deal, citing Uber's 13.1% stake · RuntimeWire Staff 4:15 AM

ET The Economic Times Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in country 4:22 AM

DT DigiTimes Taiwan's FTC blocks Grab's Foodpanda acquisition over competition concerns · Eifeh Strom 7:55 PM