Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero's Foodpanda for $950 million in cash. The deal is part of Uber Eats'

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Uber announces its acquisition of Foodpanda's Taiwan unit from Delivery Hero for $950 million in cash to strengthen its position in Taiwan's food delivery market.

Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash