(Reuters) – Taiwan has blocked Uber Applied sciences (NYSE:)’ $950 million buy of Supply Hero’s Foodpanda enterprise on the island due to anti-competition considerations, Bloomberg Information reported on Wednesday, citing Taiwan’s official Central Information Company (CNA).
Uber, Supply Hero and Foodpanda didn’t instantly reply to requests for remark outdoors common enterprise hours.
Taiwan’s Truthful Commerce Fee couldn’t be instantly reached.
Bloomberg Information mentioned CNA didn’t element the place it obtained the knowledge.
Uber and Supply Hero introduced the Taiwan deal in Might, which additionally included a separate settlement for Uber to buy $300 million value of newly issued shares of the German meals supply agency.
