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Uber Axes Foodpanda Takeover Deal In Taiwan: Here's What Benzinga's Edge Rankings Show
Wednesday, March 12, 2025 - 2:17am | 676Uber Technologies Inc. (NYSE:UBER) announced that it will terminate its deal to acquire Delivery Hero’s Foodpanda in Taiwan after facing regulatory challenges. Here’s what Benzinga’s proprietary edge rankings show about the stock. What Happened: Uber signed the $950 million deal...
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Uber's Foodpanda Acquisition Blocked in Taiwan Due to Competition Concerns
Wednesday, December 25, 2024 - 2:30pm | 430Taiwan’s Fair Trade Commission (FTC) has reportedly blocked Uber Technologies, Inc. (NYSE:UBER) $950 million acquisition of Delivery Hero’s Foodpanda business due to anti-competitive concerns. The merger, which was initially announced in May 2023, would have significantly increased Uber...