Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles
1. Uber cancels Foodpanda acquisition due to Taiwanese antitrust concerns. 2. Taiwan's FTC blocked the deal, fearing a market share of 90% for Uber. 3. Foodpanda and Uber Eats share nearly equal market shares in Taiwan. 4. Uber faces a $250 million termination fee from the canceled deal. 5. Delivery Hero continues to withdraw from Southeast Asian markets.