Big news about Uber and Foodpanda! Uber wanted to buy Foodpanda in Taiwan, but it didn't work out. Taiwan's government said the deal would make Uber too powerful and could lead to higher prices for food delivery. This is important because it shows how governments watch out for fair competition.
- Uber tried to buy Foodpanda for $950 million.
- Taiwan's government stopped the deal because it was worried about competition.
- Uber will pay a $250 million fee because the deal fell through.
| Fact | Number |
|---|---|
| Uber's original offer | $950 million |
| Termination fee | $250 million |
| Combined market share (if deal went through) | 90% |
