Calls Grow To Block Grab’s Foodpanda Taiwan Acquisition Deal

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Labor unions and legal experts in Taiwan are calling on the Fair Trade Commission to reject Singapore-based Grab’s proposed US$600 million takeover of Foodpanda. Local groups that oppose the deal argue that Uber’s roughly 13% stake in Grab creates a de facto monopoly that will stifle competition in Taiwan's food delivery sector. Legal analysts have also raised national security concerns regarding Grab's Beijing-based R&D team and the mapping technology used by the platform. Taiwan's antitrust regulator confirmed the acquisition remains under review.

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