Uber, a multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport, agreed to acquire foodpanda delivery business in Taiwan from Delivery Hero, a provider of online food ordering services, for $950m. “The strength of our Taiwanese business is a testament to the hard work of many teams over the last eight years. In order to build a world-leading service, we have come to the conclusion that we need to focus our resources on other parts of our global footprint, where we feel we can have the largest impact for customers, vendors and riders. This deal gives foodpanda an exciting runway in Taiwan and we wish them all the best in their next chapter,” Niklas Östberg, Delivery Hero CEO and Co-Founder.