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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%.
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 FTC blocks Uber’s $950M purchase of Foodpanda, Reuters says
M purchase of Delivery Hero’s (DLVHF) Foodpanda business over concerns it would be anti-competitive, Reuters reports. Delivery Hero said in a statement Uber may appeal the commission’s decision or terminate the acquisition.
Taiwan blocks Uber's $950M Foodpanda deal over competition concerns
Taiwan has blocked Uber Technologies' $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday.
Delivery Hero sinks after Taiwan blocked sale of unit to Uber
The Berlin-based company, which saw rapid expansion during the pandemic, has been scaling back and restructuring in response to pressure from activist investors. In early December, Delivery Hero spun off its Middle Eastern unit, Talabat Holding Plc, in Dubai’s biggest IPO of the year, raising $2 billion.
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.
5d
on MSN
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 ...
Seeking Alpha
5d
Uber's $950M purchase of Delivery Hero's Foodpanda business blocked by Taiwan
Uber
Technologies' (NYSE:
UBER
) planned $950 million acquisition of
Delivery
Hero
SE's (DHERO) Foodpanda business in Taiwan was blocked by the country's antitrust regulator. The acquisition was ...
Free Malaysia Today
5d
Taiwan blocks Uber’s US$950mil purchase of Delivery Hero unit
Taiwan’s anti-trust regulator rejected
Uber
Technologies Inc’s plan to buy
Delivery
Hero
SE’s Foodpanda business on the ...
Dawn
4d
Taiwan stops Foodpanda, Uber merger
TAIPEI: Taiwan has rejected ride-hailing giant
Uber
’s plan to buy
Delivery
Hero
’s Foodpanda on the island, stating on ...
Seeking Alpha on MSN
4d
Uber reacts to regulatory snub in Taiwan
Uber
Technologies (NYSE:
UBER
) issued a statement on Thursday after the company's planned $950 million acquisition of ...
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