Uber to Acquire Foodpanda Taiwan for $950M, Strengthening its Asian Food Delivery Market Presence
Posted in Finance2 mn readUber Technologies, Inc. has announced its agreement to acquire Delivery Hero SE’s Foodpanda delivery business in Taiwan for $950 million in an all-cash deal. This strategic move is expected to strengthen Uber’s presence in the food delivery market in Taiwan and Asia as a whole. The transaction is subject to regulatory approval and is targeted to close in the first half of 2025.