2024-12-26
Taiwan has blocked Uber's $950 million acquisition of Delivery Hero's Foodpanda business, citing anti-competition concerns. Its Fair and Trade Commission stated that the merger would eliminate competition between UberEats and Foodpanda, potentially leading to higher prices for [image]
Bloomberg
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
Bloomberg :
Foodpanda's Taiwan operations were break-even in adjusted core earnings as of March 2024, but the FTC ruled that the merger's economic benefits did not outweigh its negative impact on competition. Uber and Delivery Hero have yet to comment on the decision. 🧵3
Bloomberg
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
Bloomberg :
The combined market share of the two companies in Taiwan would exceed 90%, the FTC noted, making competition unviable. The deal, which included a $300 million share purchase agreement, was expected to boost Uber's delivery profit by $150 million annually. 🧵2
Bloomberg
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
Bloomberg :
2024-05-30
It will also play an essential role in enabling Google to deliver the benefits of Al to users across the country. “When operational, Malaysia will join the 11 countries where Google has built and currently operates data centers to serve users around the world,” he said. 🧵5
Wall Street Journal
Google announces plans to invest $2B in Malaysia, including building its first data center, a new Google Cloud region, and further developing AI
Kimberley Kao / Wall Street Journal :
2023-05-09
1. Truecaller will make its service available on WhatsApp and other apps this month to help users spot spam calls. “Over the last 2 weeks, we have seen a spike in user reports from India about spam calls over WhatsApp,” CEO Alan Mamedi told Reuters. https://www.reuters.com/...
Reuters
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls
Truecaller comes to the rescue Ronan Byrne / Gearrice : WhatsApp will block spam calls with the help of Truecaller Times of India : Truecaller is coming to WhatsApp: How this may m...