Taiwan’s Fair Trade Commission has rejected a proposed US$900 million deal for Uber Eats to acquire the Taiwan business of its main rival in the market, Foodpanda. The merger would have given Uber Eats control of up to 90% of the food delivery market in Taiwan and was opposed by delivery drivers.
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00:00Local media reporting says Taiwan's Fairtrade Commission has struck down a planned merger
00:05between food delivery services Foodpanda and Uber Eats.
00:09In May, Uber offered US$900 million to Singapore-based Foodpanda to acquire its delivery business
00:15in Taiwan.
00:17The deal's announcement sparked anti-competition concerns and food delivery workers pushed
00:21back against it.
00:22The merger would have given Uber control of up to 90 percent of the food delivery business
00:27in Taiwan.