Taiwan blocks Grab's $600M Foodpanda deal, citing Uber's 13.1% stake

The FTC blocked Grab's proposed $600 million purchase, finding that Uber's ownership stake and ties to Grab could weaken competition with Uber Eats.

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Primary source: Reuters

Why it matters

The ruling shows that a new buyer does not automatically count as a new competitor when ownership ties may weaken its incentives to compete with an incumbent.

Taiwan blocks Grab's Foodpanda deal over Uber's 13.1% stake — The FTC blocked Grab's proposed $600 million purchase, finding that Uber's ownership stake and ties to Grab could weaken competition with Uber Eats.

Taiwan's Fair Trade Commission blocked Grab, co-founded and led by CEO Anthony Tan, from buying Foodpanda's Taiwan delivery business for $600 million. The deal would have taken Grab beyond Southeast Asia for the first time.…

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