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%.
Taiwan Blocks Uber’s $950 Million Bid for Delivery Hero Unit
Taiwan has rejected Uber Technologies Inc.’s plan to acquire Delivery Hero SE’s Foodpanda business in Taiwan for roughly $950 million, the official Central News Agency reported.
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.
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.
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.
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 ...
Bernstein not convinced Uber would be successful appealing TFTC on foodpanda
After Delivery Hero (DLVHF) issued a press release stating that the Taiwan Fair Trade Commission has blocked Uber‘s (UBER) pending acquisition of foodpanda in Taiwan, Bernstein notes that Uber ...
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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 ...