SSW Partners will agree to acquire foodpanda Taiwan by 31 December 2027 for less than US$500 million – at least 17% below Grab’s rejected US$600 million offer.

Uber announced on July 16 to acquire Delivery Hero, foodpanda Taiwan’s parent company, by the second half of 2027. To address competition concerns, Delivery Hero had arranged to sell its Taiwan business to Grab. However, Taiwan’s Fair Trade Commission blocked the sale on 21 October, citing Uber’s 13.1% stake in Grab as a competition risk. Uber must now find another buyer to avoid delaying its larger takeover. With fewer eligible buyers, Delivery Hero may have to accept a lower price. SSW Partners is the most likely alternative, having already agreed to acquire Delivery Hero’s businesses in 14 other markets as part of Uber’s takeover. Taiwan was excluded from that agreement because Grab was already lined up as its buyer, making SSW a natural replacement.