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International Business Times
International Business Times
Business
AFP News

Uber To Buy Delivery Hero's Foodpanda In Taiwan For US$950 Mn

In Taiwan, UberEats andFoodpanda have been in close competition in the island's food delivery market for years (Credit: AFP)

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million.

The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.

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