Taiwan's competition authority announced that it would prohibit Grab Holdings' acquisition of foodpanda's Taiwan business. The authority said it had raised concerns about Grab's equity relationship with Uber Technologies.
Taiwan's competition authority announced on the 21st that it would prohibit Grab Holdings' acquisition of the Taiwan business of foodpanda, a food delivery service. The stated reason was concern about the equity relationship between Grab and U.S.-based Uber Technologies, which operates the competing service Uber Eats.
Grab announced in March that it planned to acquire the Taiwan business from Germany's Delivery Hero, and the competition authority had been continuing its review. The article refers to the ongoing review and the situation as of July, but does not present a specific conclusion.