Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles


Uber Technologies has ended its acquisition of Delivery Hero’s Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday.

The announcement comes roughly three months after Taiwan’s antitrust regulator blocked the deal, citing competitive issues. The Fair Trade Commission (FTC) said that if Uber acquired Foodpanda, its market share in Taiwan would increase to 90%, potentially leading to price increases by Uber.

Uber Eats and Foodpanda are the top players in Taiwan’s food delivery market. In a recent report, it was found that Foodpanda enjoyed 52% market share from January 2022 to August 2023, while Uber Eats had 48%. Food delivery companies like Foodomo and many other fast-food delivery apps make up a tiny percentage of Taiwan’s market share, comparatively.

Under the agreement signed on May 14, 2024, Uber is required to pay a termination fee that is estimated to be about USD $250 million.

Uber and Delivery Hero did not immediately respond to a TechCrunch request for comment.

When Uber announced it would buy Foodpanda’s Taiwan division from Delivery Hero, it expected to complete the deal in the first half of 2025. The move aligned with Uber Eats’ plan to grow in Asia, particularly by strengthening its presence in Taiwan. The two companies also engaged in a separate deal in which Uber agreed to buy $300 million of newly issued ordinary shares from Delivery Hero.

The deal also highlighted Delivery Hero’s continued withdrawal from that same market. At the time, Delivery Hero was trying to sell off a package of its other Southeast Asian operations — including in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines, and Thailand — to an undisclosed third party. In September 2023, it ended those discussions, saying in a statement that the “decision to terminate negotiations after months of discussions was taken after careful consideration.”

Delivery Hero’s food delivery division competes with Grab in Southeast Asia.

In September, its Foodpanda unit staged a layoff aimed at streamlining operations ahead of a potential sale. The cuts followed earlier staffing layoffs in 2022 and 2023.



Source link

2 thoughts on “Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles

  1. Studies have also looked into the specific effects of sure amino acids on immune cell perform.
    For example, glutamine has been found to improve the
    perform of white blood cells, that are essential for preventing off infections.

    Arginine has been proven to enhance the activity of macrophages liable
    for engulfing and destroying micro organism and viruses.

    Many folks take supplements like Amino Power to spice
    up their energy levels and improve their exercise performance.

    However is it useful on your overall health, particularly your immune system?
    Amino Power accommodates amino acids, which are the building blocks of
    proteins. Some research suggest that rising protein intake can promote weight loss by boosting metabolism and
    decreasing urge for food.
    It accommodates BCAAs that help type lean muscle tissue
    and L-carnitine to boost your fat metabolism. You ought to at all times have an energy drink sometimes
    or when you need some extra power. You can find an amino blend of L-Threonine, L-Leucine, L-Citrulline, L-Theanine,
    Sustamine L-Alanyl, L-Glutamine, Micronized Taurine, L-Lysine Hydrochloride.
    It’s at all times a good idea to check with your local
    fuel stations to confirm in the occasion that they carry Amino Power
    or any particular energy drink you’re excited about.

    The product has a great ingredient list and mixes nicely with just some shakes.
    Customers additionally recognize the inclusion of green tea and green coffee extracts, which offer a mild but efficient caffeine enhance.

    One of the standout options of Amino Vitality is its unique blend of
    amino acids and caffeine. The amino acids on this
    drink assist improve muscle restoration and
    synthesis, while the caffeine boosts energy and focus.
    One Other constructive facet of Amino Power is that it doesn’t include synthetic
    flavors or sweeteners, making it a more healthy option than other vitality drinks.

    Amino power drinks typically contain a mix of amino acids and caffeine.
    Whereas they can offer a fast energy boost and help in muscle recovery, it’s essential to consider their total healthiness.

    CarnoSyn Beta Alanine (detailed within the
    powder segment above) is subsequent, followed by L-Citrulline, Malic Acid, Betaine Anhydrous, Caffeine
    (200 mg), Sucralose, and N-Acetyl-L-Tyrosine.
    A Nutrition label tells us Energy per serving, Complete Fats,
    Whole Carbs, Sugar, and Whole Protein, with a separate components record.
    A Complement Facts panel additionally lists the macronutrients
    plus the other compounds in descending order, listing
    each dosage – besides in a proprietary blend. Take one serving (1 degree scoop, 6 grams) of C4 Unique with six fluid
    ounces of water about minutes before training.
    The firm notes some customers may expertise a “harmless” tingling sensation – attributable to the CarnoSyn patented beta-alanine.
    Ask me which is healthier, C4 or Amin.O Vitality, and my preliminary response is that they are
    each good – but they’re different merchandise with different supposed uses and
    benefits.
    Click right here to see how our energizing amino acid blends 
    can begin helping you are feeling higher right now.

    However, you will want to devour Amino Vitality in moderation and pay
    consideration to caffeine intake from other sources
    throughout the day. Whereas caffeine is decrease than different power
    drinks, adhering to the beneficial limits is important
    to avoid potential adverse results. They say it tastes good,
    works nicely as a pre-workout, and is great total. The product accommodates amino acids, BCAAs,
    green tea, and two scoops work well for them. These statements have not been evaluated
    by the food and drug administration.
    If, for any purpose, you don’t like us or our merchandise, merely contact our help team inside 60
    days and we’ll fortunately refund you 100% of your cost.

    In truth, serotonin is essential for regular gastrointestinal (GI) operate and performs a critical role in GI motility
    and immune function, visceral sensitivity, and blood circulate.
    Even extra interesting is the reality that abnormalities
    in reuptake of this neurotransmitter have been linked to irritable bowel syndrome (IBS).
    A new technique for recycling spent lithium-ion batteries is based on a hydrometallurgical process in neutral answer.

    Protein intake, stress, intense train, and even sudden way of life modifications can all have an result on amino acid metabolism.
    Pregnant girls and people with certain well being situations should exercise caution when using
    Amino Vitality. It’s all the time finest to consult a healthcare professional
    before incorporating any new supplement into your routine.
    They can decide whether it’s secure for you and supply personalised recommendations.
    Customers find the nutritional complement simple to combine with water.
    They like the flavor and that it has an electrolyte blend to assist
    keep them hydrated. Do not exceed 6 scoops
    inside any four hour period or 8 scoops inside any 24 hour interval.

    These values are approximate and might range primarily based on factors similar to cooking strategies, particular varieties of food, and preparation techniques.
    If you’ve specific health concerns or situations which will require extra BCAAs, it’s advisable to seek the
    advice of with a healthcare skilled or a registered dietitian for personalised recommendation.
    Proponents of amino acid therapy for melancholy believe antidepressant
    effects can be achieved naturally. Amino acids for depression embrace tryptophan, which promotes
    serotonin synthesis, and tyrosine and phenylalanine, which stimulate norepinephrine and dopamine synthesis.

    It won’t have an result on your weight as well since it has a low number of energy.
    However, it’s additionally necessary to notice that some people have skilled
    positive results with varied free-form amino acid regimens.
    For instance, most of us are in all probability familiar with the muscle
    soreness that follows a very intense workout.
    But a selected set of amino acids generally identified as branched-chain amino acids, or
    BCAAs, has been proven to really enhance the lactate threshold.
    As with any complement or energy drink, it’s always
    really helpful to consult a healthcare skilled or nutritionist earlier than incorporating
    Amino Vitality into your routine. They can provide personalized recommendation based mostly on your health situations and goals.

    References:

    Post steroid Cycle

  2. You can definitely see your skills within the work
    you write. The world hopes for even more passionate writers such as
    you who are not afraid to say how they believe. All the time go
    after your heart.

Leave a Reply

Your email address will not be published. Required fields are marked *