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VisitUber to Buy Foodpanda Taiwan for $950M, Eyes 2025 Closure
May 14, 2024, 03:30 AM
Uber has announced its plan to acquire the Foodpanda business in Taiwan from Delivery Hero SE for $950 million in cash. The acquisition, which targets closure by the first half of 2025, marks a significant expansion of Uber's food delivery services in the Asian market.
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Markets
Yes • 50%
No • 50%
Official announcements from Uber or Delivery Hero
No • 50%
Yes • 50%
Public announcements from relevant regulatory bodies
No • 50%
Yes • 50%
Market analysis reports or financial statements from Uber
Increase investment in Taiwan • 33%
No significant change • 34%
Withdraw or reduce presence • 33%
Competitor announcements or market analysis reports
Decrease • 25%
Increase 10% or more • 25%
Increase less than 10% • 25%
Remain stable • 25%
Stock market data
Expand to more Asian countries • 33%
Consolidate existing markets • 33%
Focus on integration without further expansion • 34%
Official company announcements or news releases