UBER to Acquire German Firm's Food Delivery Unit in Taiwan

Uber Technologies (UBER) reached an agreement with Delivery Hero, a Germany-based firm, for taking over the latter's foodpanda business in Taiwan for $950 million in cash. The deal to acquire foodpanda Taiwan is expected to close in the first half of 2025 subject to regulatory approval and other customary closing conditions. Until then, Delivery Hero will continue to operate its foodpanda business. The deal is one of the largest-ever international acquisitions in Taiwan. Separately, the companies agreed on ...