- Uber is going all-in on Taiwan’s food delivery scene.
- Uber is also purchasing $300M in Delivery Hero shares.
- Delivery Hero will refocus resources in markets with “largest impact.”
Uber is going all in on Taiwan’s food delivery scene, scooping up Foodpanda’s operations in the country for a cool $950 million cash deal.
Pending regulatory approval, this mega-acquisition is poised to be one of Taiwan’s largest international deals to date.
Doubling down on delivery dominance
The move doesn’t stop there – Uber is also purchasing $300 million in fresh shares from Foodpanda’s parent company, Delivery Hero.
![](https://t9009141299.p.clickup-attachments.com/t9009141299/6e32bf39-8be4-4142-9764-c6eef5c72979/image.png)
By combining Uber’s efficiency with Foodpanda’s wide Taiwanese network, consumers can expect an unbeatable delivery experience spanning the entire island.
Win-win for delivery titans
For Delivery Hero, the sale allows them to refocus resources on markets “where we can have the largest impact.” CEO Niklas Östberg made it clear – this strategic move aims to drive profitable growth at scale.
![](https://t9009141299.p.clickup-attachments.com/t9009141299/7daa0d2c-5f2c-4a9c-b5dc-c79fa61ec6fe/image.png)
With both delivery giants primed for success, Taiwan’s food scene is about to get a whole lot hotter.
To read the original article: https://www.techinasia.com/uber-buy-foodpandas-taiwan-operations-950m-deal