Taiwan blocks Grab's $600mn foodpanda deal over Uber ties

Uber (UBER) is expanding into catering, workplace meals, and autonomous vehicles through acquisitions and partnerships. Recent moves include a $2.3B acquisition of ezCater and collaborations with Wayve, WeRide, and Zoox. Uber's stock has declined ~9% over six months, trading at a 12-month forward P/S of 2.12X, below its industry average. The company's long-term outlook is positive, but near-term challenges include high debt and labor issues.

Taiwan's antitrust regulator blocked Grab's $600M acquisition of Foodpanda's local business, citing concerns over Uber's minority stake in Grab and its impact on market competition. The regulator will continue monitoring market consolidation.

Taiwan's Fair Trade Commission rejected Grab's acquisition of Foodpanda's Taiwan operations, citing competition concerns. Grab is a Singapore-based company.

Grab (NASDAQ:GRAB) reported a Q2 2026 profit of $235M, up from $20M a year earlier, largely due to a $307M one-time gain. Core revenue grew 22% to $997M, with Financial Services up 59%. The company plans a $1.49B investment in Atome Financial, aiming for $6B in Financial Services by 2028. Grab generated $450M in adjusted free cash flow over the past year.

Taiwan's Fair Trade Commission (FTC) blocked Grab's $600M acquisition of foodpanda's Taiwan operations, citing concerns over Grab's ties to Uber and potential market competition reduction. Grab expressed disappointment, while delivery worker groups welcomed the decision. The FTC suggested Uber may need to reduce or divest its stake in Grab to address concerns.

Taiwan's Fair Trade Commission blocked Delivery Hero's sale of its foodpanda Taiwan business to Grab Holdings for $600 million, citing competition concerns. Delivery Hero can still appeal. DELHY.PK closed down 2.00%, GRAB pre-market up 0.71%.