Delivery Hero

Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles

Enterprise /

Uber Technologies has ended its acquisition of Delivery Hero’s Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday. The announcement comes roughly three months after Taiwan’s antitrust regulator blocked the deal, citing competitive issues. The Fair Trade Commission (FTC) said that if Uber acquired Foodpanda, its market share in Taiwan would increase to 90%, […]

Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles Read More »

EU to investigate Delivery Hero and Glovo over food delivery cartel concerns

Government & Policy /

The European Commission announced a formal investigation into Berlin-based food delivery giant Delivery Hero and its Spanish subsidiary, Glovo, on Tuesday, citing cartel concerns. The Commission will launch an in-depth probe into agreements between the online delivery firms to establish whether any anticompetitive activity has taken place. “The Commission is concerned that, before the takeover,

EU to investigate Delivery Hero and Glovo over food delivery cartel concerns Read More »