(Reuters) – Taiwan has blocked Uber Technologies' (NYSE:) $950 million purchase of Delivery Hero's Foodpanda business on the island over competition concerns, Bloomberg News reported on Wednesday, citing Taiwan's official Central News Agency (CNA).
Uber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside normal business hours.
The Taiwan Fair Trade Commission could not be reached immediately.
Bloomberg News said the central news agency did not give details about where it obtained the information.
Uber and Delivery Hero announced the Taiwan deal in May, which also included a separate agreement for Uber to buy $300 million worth of newly issued shares of the German food delivery company.
