Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million

What Happened

Grab will acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million, expanding beyond Southeast Asia and setting up a closer challenge to Uber Eats in a tightly contested market.

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Background Context

Grab will acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million, expanding beyond Southeast Asia and setting up a closer challenge to Uber Eats in a tightly contested market.

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Source: TechCrunchOriginal Link

Source: TechCrunch

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