Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators

Key TakeawaysRegulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda, The Wall Street Journal reported Thursday.Officials reportedly said Uber's acquisition of the Delivery Hero-owned business would be anti-competitive.Uber argued the deal would be beneficial to consumers. Regulators in Taiwan blocked Uber Technologies' (UBER) planned $950 million purchase of Singapore-based online food delivery and ordering platform Foodpanda, The Wall Street Journa ...