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Uber (UBER.US) ends acquisition of Delivery Hero's Taiwan operations after regulatory rejection.

Market IntelTuesday, Mar 11, 2025 7:51 pm ET
1min read

Uber Technologies Inc. has terminated its acquisition of Foodpanda's business in Taiwan, after the country's antitrust regulator rejected the deal in December, Delivery Hero se said in a statement on Tuesday. The ride-hailing company will pay a termination fee estimated at about $250 million, Delivery Hero said. A spokesperson for uber said in a statement to media outlets that the company respects the decision and will not appeal the regulator's ruling, reiterating the company's disappointment over the decision. The stock fell 3.6% after the announcement.The spokesperson said: "We remain committed to deepening our presence in the Taiwan market and will continue to serve local consumers, merchants, and delivery partners in innovative and competitive ways."Uber originally planned to complete the $950 million all-cash transaction by the first half of 2025. If the acquisition had been successful, it would have been one of the largest deals outside of the Taiwanese chip industry, marking a strategic retreat for Delivery Hero from the Asian market.Delivery Hero said in a statement that Taiwan remains a key component of its long-term strategy.The integration of the global online delivery industry has been further accelerated due to the failure of demand to recover to pre-pandemic growth levels. Deliveroo Plc, headquartered in London, announced on Monday that it would close its Hong Kong business due to poor sales performance and fierce competition from Foodpanda and the Chinese delivery giant Meituan's subsidiary, KeeTa. In February, Prosus NV agreed to acquire Just Eat Takeaway.com for €4.1 billion (about $4.5 billion), just a few months after Wonder Group Inc. bought Grubhub, headquartered in Chicago, from Just Eat.

Comments

Post
Critical-Database-49
03/12
$UBER people will realize ride sharing and delivery is a total scam and a big rip-off
0
Ubarjarl
03/12
@Critical-Database-49 Totally agree, ride shares overpriced.
0
krogerCoffee
03/12
$UBER folks will realize ride sharing and delivery is all a scam and a total rip-off
0
wodentx
03/12
@krogerCoffee True, rideshare/delivery ain't always legit.
0
MustiXV
03/12
0
Nobuevrday
03/12
$UBER they just lower the price to buy
0
tempestlight
03/12
$UBER down 5% tomorrow. https://www.reuters.com/markets/deals/uber-ends-delivery-partnership-with-foodpanda-by-2025-03-11/
0
pd14200
03/11
Uber bailing on Taiwan deal is a bummer, but $250M isn't a bad price to pay for not playing in a regulatory dead-end zone.
0
NoBicDeal
03/12
@pd14200 True, $250M ain't bad.
0
priviledgednews
03/11
Uber bailing on Taiwan deal is a bummer, but $250M isn't a bad price to pay for regulatory drama.
0
DoU92
03/11
Delivery Hero still bullish on Taiwan, but will Uber find greener pastures elsewhere? 🤔
0
whiteiversonyeet
03/11
Uber bailing on Taiwan, still bullish on $UBER long-term.
0
Anonym0us_amongus
03/12
@whiteiversonyeet Still holding $UBER? What's your timeline for keeping it in your portfolio?
0
James manson
03/11

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1
BunchProfessional680
03/12
@James manson Sure
0
TheOSU87
03/11
Foodpanda slipping in Taiwan, opportunities elsewhere?
0
iahord
03/12
@TheOSU87 Where do you see opportunities?
0
elpapadoctor
03/11
Uber respecting regulators, but I'd appeal if I could 😂
0
statisticalwizard
03/11
Delivery Hero still hungry for growth, maybe pivot soon?
0
GrapeJuicex
03/11
$250M termination fee, not bad for a failed deal.
0
Monkiyness
03/12
@GrapeJuicex Not bad? More like a bargain.
0
Ben280301
03/12
@GrapeJuicex $250M isn't peanuts, but the market's tough.
0
OhShit__ItsDrTran
03/11
Holding $UBER, market's overreacting to this news.
0
Historyissuper
03/12
@OhShit__ItsDrTran Same boat, holding $UBER too. Not panicking, long-term vibe.
0
CrisCathPod
03/12
@OhShit__ItsDrTran How long you been holding $UBER? Think the dip's a buy opp?
0
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