Taiwan blocks Uber’s $950 million Foodpanda deal, Bloomberg Information stories Via Reuters

(Reuters) – Taiwan has blocked Uber Applied sciences (NYSE:)’ $950 million acquire of Supply Hero’s Foodpanda trade at the island as a result of anti-competition issues, Bloomberg Information reported on Wednesday, mentioning Taiwan’s reputable Central Information Company (CNA).

Uber, Supply Hero and Foodpanda didn’t straight away reply to requests for remark outdoor common trade hours.

Taiwan’s Truthful Business Fee may now not be straight away reached.

Bloomberg Information mentioned CNA didn’t element the place it acquired the tips.

Uber and Supply Hero introduced the Taiwan deal in Would possibly, which additionally integrated a separate settlement for Uber to buy $300 million price of newly issued stocks of the German meals supply company.