Taiwan Blocks Grab's $600M Foodpanda Deal Over Uber Ownership Stake

Key Facts

1Taiwanese authorities blocked Grab's $600 million acquisition of Foodpanda.

2The rejection was based on Uber's 13.1% ownership stake in the Southeast Asian super app Grab.

Taiwanese authorities blocked Grab's $600 million acquisition of Foodpanda's operations. Fortune reported that the rejection was based on antitrust concerns, citing Uber's 13.1% ownership stake in the Southeast Asian super app Grab as a factor that could limit market competition.

The regulatory move effectively halts Grab's attempt to expand its delivery footprint outside of its core Southeast Asian markets. Regarding related market performance, UBER closed at $67.62 on October 21, 2026, after trading between a day low of $67.36 and a high of $69.23.