Taiwan blocks Grab’s $600 million Foodpanda deal, citing Uber’s 13.1% stake in the Southeast Asian super app

Taiwan's Fair Trade Commission (FTC) on Wednesday blocked Grab Holdings' $600 million purchase of Delivery Hero's Foodpanda business in Taiwan, pointing to the Singapore-based super app's equity and board ties to Uber, which operates the island's other leading food delivery platform. "The equity ties, overlapping board membership and history of business cooperation between Grab and Uber would reduce Grab's incentive and ability to compete with Uber Eats in Taiwan," Shin Chih-chung, an FTC commissioner, said.