Delivery Hero (DLVHF) confirmed that Uber Technologies (UBER) has decided to terminate the agreement to acquire Delivery Hero’s foodpanda business in Taiwan. This follows the decisions of local regulatory authorities, including the Taiwan Fair Trade Commission, not to approve the deal, and the expiration of the relevant appeal period. Under the agreement signed on May 14, 2024, Uber is required to pay a termination fee. The final amount, calculated based on several variables, is estimated to be about $250M. Taiwan remains a key part of Delivery Hero’s long-term strategy, the company said, adding that it remains focused on supporting foodpanda’s position in Taiwan.
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