Uber to acquire foodpanda's Taiwan segment in $950M deal

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Uber (UBER) has set its sights on acquiring food and grocery delivery platform foodpanda's Taiwan segment for $950 million. Foodpanda is owned by the Germany-based Delivery Hero (DHER.DE).

Yahoo Finance Senior Business Reporter Ines Ferré breaks down the details of the all-cash deal and the regulatory scrutiny the deal could face.

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This post was written by Luke Carberry Mogan.