Uber, foodpanda and Taiwan

Taiwan's Fair Trade Commission (FTC) has halted Uber Technologies' proposed $950m acquisition of Delivery Hero's Foodpanda operations, citing concerns over potential anti-competitive effects in ...
Its Fair Trade Commission (FTC) argued the buyout of Uber's main rival, Foodpanda, would increase the combined market share to 90 percent on the island and could incentivize Uber to raise prices.
Foodpanda, would increase the combined market share to 90 per cent on the island and could incentivize Uber to raise prices. Uber said it would not appeal against the decision of Taiwan's FTC.