Taiwan Blocks Grab Foodpanda Deal
Taiwan's antitrust regulator has blocked Grab's proposed acquisition of Delivery Hero's local Foodpanda unit over competition concerns. Grab expressed disappointment while Delivery Hero noted deal protections are in place.
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Taiwan's antitrust regulator blocked GRAB HOLDINGS LTD - CL A from acquiring the local delivery operations of DELIVERY HERO SE for $600M in cash. The decision halts Grab's first major expansion outside Southeast Asia. The blocked transaction leaves Delivery Hero with pre-arranged break fee protections under specific contractual conditions.
