The Fair Trade Commission has rejected Grab Holdings' proposal to acquire
Foodpanda's Taiwan operations for 600-million U-S dollars, citing Grab's ties
with Uber.

The commission says there is concern those links could undermine competition
in Taiwan's food delivery market.

F-T-C Commissioner Shin Chih-chung says three commissioners voted to block
the deal and one favored conditional approval, while a fifth commissioner
recused.

Shin said Uber's C-E-O had previously served on Grab's board, and the two
companies have maintained close business ties in other markets, have
overlapping board membership and history of business cooperation.

The F-T-C commissioner stressed that the F-T-C believes that such ties could
reduce Grab's incentive and ability to compete with Uber Eats in Taiwan.

Grab has said it is disappointed with the decision.

It also said the move will prevent the company from introducing "innovative
services, reasonable earning opportunities and improved service standards"
for consumers, delivery workers and merchants in Taiwan as planned.