Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in Taiwan
Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in Taiwan TAIPEI, Oct 21 (Reuters) - Taiwan's Fair Trade Commission said on Wednesday that it had blocked Grab's GRAB.O purchase of Delivery Hero's DHER.DE Foodpanda delivery business in Taiwan citing competition concerns. Grab is Southeast Asia's biggest ride-hailing and delivery firm.
(Reporting by Ben Blanchard and Jeanny Kao; Editing by Christian Schmollinger)
Recent news on Grab Holdings
See all newsBrief: Toyota Motor Corp Dissolves Share Stake In Grab Holdings
Brief: Softbank Group, Grab And Petros Plan To Invest Us$1 Bln To Develop AI Infrastructure In Sarawak
Brief: SoftBank Group And Grab Sign Joint Development Agreements To Develop AI Infrastructure In Malaysia
Grab agrees to driver fee cuts and deduction cap in Vietnam, watchdog says
U.S. STOCKS ON THE MOVE-Bloom Energy, Gartner, Fiserv