Taiwan’s FTC blocks Uber’s $950M acquisition of Delivery Hero’s Foodpanda, arguing it would decrease competition as their combined market share would be 90%+ (Bloomberg)

Bloomberg:
Taiwan’s FTC blocks Uber’s $950M acquisition of Delivery Hero’s Foodpanda, arguing it would decrease competition as their combined market share would be 90%+  —  – Fair Trade Commission concerned deal would limit competition  — Uber had sought Delivery Hero’s Foodpanda unit in Taiwan