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

Grab will acquire Delivery Hero's Foodpanda Taiwan operations for $600 million in cash, marking its first expansion beyond Southeast Asia, with the deal expected to close in H2 2026. The acquisition follows Uber's failed attempt to buy Foodpanda Taiwan, which was blocked by Taiwan's antitrust regulator due to near-monopoly concerns. Unlike the Uber deal, Grab's entry would give it roughly 50% market share, positioning it as a direct competitor to Uber Eats rather than creating a monopoly.