Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million
Delivery giant Grab said on Monday it will acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million in cash, marking its first expansion beyond Southeast Asia. Grab noted that the deal is still pending regulatory approval and is anticipated to close in the second half of 2026. The company aims to complete the full transition of users, merchants, and driver-partners onto its platform by early 2027. The move comes roughly a year after Uber Technologies abandoned its planned acquisition of Foodpanda’s Taiwan operations in March 2025, after the deal was blocked by Taiwan’s antitrust regulator over competition concerns. At the time, Uber Eats and Foodpanda were the dominant players in Taiwan’s food delivery market. A recent report showed Foodpanda held a 52%…
