Uber Eats gobbles up Foodpanda in $950 Million deal

Uber Eats has agreed to acquire Delivery Hero's Foodpanda business for $950 million. This deal, expected to close in the first half of 2025, will see Uber Eats become the dominant player in the Taiwanese market.

For years, Uber Eats and Foodpanda have been rivals fighting for Taiwanese customers.

• This acquisition will combine their user bases, restaurant partners, and delivery drivers into a single, powerful platform.

Here's a closer look at the deal:

• Delivery Hero assures its Taiwanese customers that Foodpanda will continue to operate as usual until the official handover.

• Once the deal is finalized, Foodpanda users will be transitioned to Uber Eats.

• Just like the customers, Foodpanda's delivery partners will also be integrated into the Uber Eats platform.

While online food delivery is still relatively new in Taiwan, it's definitely growing. This acquisition by Uber Eats can let them capture a big share of this growing market.