Uber terminated the acquisition of the foodpanda delivery business in Taiwan from Delivery Hero for $950m.

Uber, a multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport, terminated the acquisition of the foodpanda delivery business in Taiwan from Delivery Hero, a provider of online food ordering services, for $950m. Uber would not appeal the decision of the Taiwan Fair Trade Commission and will pay a termination fee of around $250m.