Taiwan kills Grab’s US$600M foodpanda deal, and Uber’s shadow is the reason

Grab wanted Taiwan to be its first market outside Southeast Asia. Taiwan’s competition regulator has told it, in effect, that it is not really an outsider. Taiwan’s Fair Trade Commission (TFTC) on Wednesday blocked Germany-based Delivery Hero’s planned sale of foodpanda’s Taiwan business to Grab, scuttling a US$600 million all-cash deal agreed on March 23. […] The post Taiwan kills Grab’s US$600M foodpanda deal, and Uber’s shadow is the reason appeared first on e27.