Uber Disappointed as Taiwan Rejects Deal for Delivery Hero Unit

Uber Technologies Inc. said it remained committed to Taiwan after the island’s anti-trust regulator rejected its plan to buy Delivery Hero SE’s Foodpanda business on the island for $950 million.

Uber said in a statement that it’s disappointed by the decision, but will continue to invest in Taiwan as one of the world’s fastest-growing food-delivery markets. It didn’t mention any plans for an appeal. Delivery Hero, based in Berlin, said in a statement that Uber may now appeal or opt to walk away.

“The main competition for Uber Eats comes from Foodpanda,” Fair Trade Commission Vice Chairman Chen Chih-min ...