Business

Name: Uber To Pay US$250M To Terminate Merger Contract With Foodpanda
Uploaded: 2025-03-12T11:36:33Z
Duration: 39 s
Description: Uber will have to pay US$250 million to get out of its agreement to buy out the Taiwan food delivery business of rival Foodpanda. Taiwan's Fair Trade Commission in December ruled the planned merger between Uber Eats and Foodpanda would constitute an illegal monopoly as the two platforms account for over 90% of Taiwan's food delivery market.

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Business

Taiwan's Ruling, Opposition Parties Debate Drone Spending

TSMC Average Pay Reaches US$136,000 a Year

Nvidia Manager Among Nine Indicted Over China Chip Sales

Taiwan's Traditional Industries Struggle To Keep Pace With AI Boom

Humanoid Robots Take Center Stage at Taipei Expo

Taiwan Gov't Pushes Back on Xiamen’s Cross-Strait Outreach

Calls Grow To Block Grab’s Foodpanda Taiwan Acquisition Deal

TSMC Overseas Plants in US and Japan Report H1 Profits

Young Taiwanese Borrow Money To Chase Stock Gains In AI Boom

US Tariffs Pose Opportunity for Taiwan's Emerging Drone Sector

Taiwan and St. Vincent Pledge Deeper Economic Cooperation

Foxconn Q2 Profit Jumps 35% on AI Server Demand

Open Compute Project Brings AI Hardware Leaders to Taipei

TSMC Sales Jump as AI Boom Drives Demand

Report: Sony, TSMC Plan US$6.3B Investment in Image Sensor Joint Venture

Taiwan Expects Limited Impact From New US Polysilicon Tariffs

Uber To Pay US$250M To Terminate Merger Contract With Foodpanda