Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million [TechCrunch]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: TechCrunch
Grab noted that the deal is still pending regulatory approval and is anticipated to close in the second half of 2026. The company aims to complete the full transition of users, merchants, and driver-partners onto its platform by early 2027. The move comes roughly a year after Uber Technologies abandoned its planned acquisition of Foodpanda's Taiwan operations in March 2025, after the deal was blocked by Taiwan's antitrust regulator over competition concerns. At the time, Uber Eats and Foodpanda were the dominant players in Taiwan's food delivery market. A recent report showed Foodpanda held a 52% market share, while Uber Eats accounted for 48% between 2022 and 2023. Taiwan's Fair Trade Commission said the combined entity would have controlled roughly 90% of the market, raising concerns over reduced competition and potential price increases. This case, however, may present a different dynamic. If Grab were to acquire Foodpanda's Taiwan business, the Singapore-based ride-hailing a
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