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Uber Stock Lower

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Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators

Key Takeaways Regulators 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.

YAHOO!Finance · 1h

Taiwan FTC blocks Uber’s $950M purchase of Foodpanda, Reuters says

M purchase of Delivery Hero’s (DLVHF) Foodpanda business over concerns it would be anti-competitive, Reuters reports. Delivery Hero said in a statement Uber may appeal the commission’s decision or terminate the acquisition.

Uber Stock Lower After Taiwan Regulators Block $950 Million Foodpanda Deal

Uber stock was lower after regulators in Taiwan blocked its plan to acquire a competitor in the market for $950 million.

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Taiwan blocks Uber's $950 mln Foodpanda deal, CNA reports

Uber and Delivery Hero announced the Taiwan deal in May, which also included a separate agreement for Uber to purchase $300 ...

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5 Things to Know Before the Stock Market Opens

U.S. stock futures are lower after tech stocks helped fuel a Christmas Eve rally. Here's what investors need to know today.

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