TAIPEI — Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition.The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for $950 million, merging the top two players in Taiwan's food delivery market.
Japan Airlines passenger planes are seen on the tarmac at Haneda Airport in Tokyo on Dec. 26, 2024. Japan Airlines encountered delays in its flight operations after reporting a cyberattack, which was subsequently addressed. AFP PHOTO'The disadvantages to market competition from this merger far outweigh its economic benefits,' Chen said, adding that the merged companies' market share would exceed 90 percent.