Delivery Hero Shares Fall

Delivery Hero Falls 9% After Sale of Taiwan Unit to Uber Blocked
Delivery Hero SE shares fell the most in two weeks in the first day of trading after Taiwan blocked the sale of its subsidiary there to Uber Technologies Inc. Shares of Delivery Hero fell as much as 9% to €26 in Frankfurt on Friday after the Taiwan Fair Trade Commission ruled the proposed takeover of Foodpanda could reduce competition.
Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators
Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda.
Delivery Hero Shares Fall After Taiwan Halts Uber's Foodpanda Takeover
Delivery Hero shares fell after Taiwan blocked Uber Technologies' planned $950 million takeover of Foodpanda's local delivery business on anticompetition concerns. In early European trading, shares were down 7.7% at 26.38 euros. Year to date, shares have risen 5.5%.
Taiwan FTC halts Uber’s Foodpanda deal over competition issues
"Taiwan FTC halts Uber’s Foodpanda deal over competition issues" was originally created and published by Verdict Food Service, a GlobalData owned brand.
Taiwan blocks Uber’s $1.3 billion Foodpanda deal over competition concerns
Uber and German food delivery firm Delivery Hero announced the Taiwan deal in May. Read more at straitstimes.com.
Taiwan blocks Uber's $950 million Foodpanda deal over competition concerns
Uber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside regular business hours. In a media briefing, the commission stated that the merger is prohibited because its negative impact on market competition outweighs the overall economic benefits,
Delivery Hero slumps as sale of Taiwan subsidiary to Uber blocked
Delivery Hero tumbled on Friday after the sale of its Taiwan subsidiary to Uber Technologies was blocked. The Taiwan Fair Trade Commission ruled that the proposed takeover of Foodpanda could reduce competition.
Taiwan blocks $950 mn Uber-Foodpanda deal, merger to exceed 90% market share
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business because of concerns it would be anti-competitive
Taiwan blocks Uber's $950 million purchase of Delivery Hero's Foodpanda
The acquisition would have been one of Taiwan's largest outside of the chip industry, marking a retreat for Delivery Hero from Asia
Bernstein Unconvinced Uber Will Win If It Appeals Against Taiwan FTC On Foodpanda Acquisition: Retail’s Upbeat On Stock
After Taiwan’s anti-trust regulator rejected Uber Technologies’ bid to acquire Delivery Hero’s Foodpanda, citing anti-competitive concerns, Bernstein reportedly said they remain unconvinced if Uber will win if it decides to appeal against the decision.
Taiwan Blocks Uber Purchase of Delivery Hero’s Arm, CNA Says
(Bloomberg) -- Taiwan has rejected Uber Technologies Inc.’s plan to acquire Delivery Hero SE’s Foodpanda local business ...
The Taipei Times6d
FTC blocks Uber’s Foodpanda plan
Uber Technologies Inc’s plan to acquire Delivery Hero SE’s local Foodpanda business for US$950 million has been rejected, the ...