Taiwan Blocks Grab's $600M Foodpanda Deal

• Grab Holdings' $600 million purchase of Delivery Hero's Foodpanda business in Taiwan was blocked.
• The Taiwan Fair Trade Commission cited Uber's 13.1% stake in Grab as a reason for the block.
• Grab and Uber have overlapping board memberships and a history of business cooperation.
• Uber operates another leading food delivery platform in Taiwan.
• Grab's equity ties and business cooperation with Uber raised concerns for competition.