Singapore’s Grab agrees to acquire Taiwan FoodpandaStaff writer, with CNAGrab Holdings Ltd, a leading app developer in Southeast Asia, yesterday said that it has agreed to acquire Delivery Hero’s Foodpanda delivery business in Taiwan for US$600 million in cash. Grab said in a statement the acquisition is subject to regulatory approval and scheduled to be completed in the second half of this year. The deal would help the Singapore-headquartered Grab extend its reach to a ninth market, its first outside Southeast Asia, the company said. Grab delivery drivers wait at a stoplight in Jakarta on Aug. 13, 2024. In December 2024, the Fair Trade Commission voted to block delivery platform Uber Eats’ proposed acquisition of the Foodpanda business on the grounds that it would restrict competition in Taiwan.

Source: Taipei Times March 23, 2026 17:15 UTC