Taiwan Regulator Blocks Grab's Purchase of Delivery Hero Business
Taiwan's Fair Trade Commission blocked Grab Holdings' acquisition of Delivery Hero's Taiwan business, saying the proposed deal's harm to the food-delivery industry outweighed its overall economic benefits.
By Sherry QinTaiwan's market regulator blocked Grab Holdings' acquisition of Delivery Hero's business in Taiwan, citing competition concerns.The Fair Trade Commission said Wednesday that the harm of the proposed deal to Taiwan's food-delivery industry outweighed its overall economic benefits.Taiwa…