Uber has terminated its $950 million bid for Delivery Hero's Foodpanda business in Taiwan, the food delivery company said on Tuesday, owing to regulatory hurdles. Taiwan had in December blocked ...

Photos: Reine Juvierre S. Alberto/BM When I found out I was going to Taiwan, all I could think about was the food I was going to eat. Taiwan is a relatively small country but it is big on flavors.

Uber has decided terminate its agreement to acquire Delivery Hero's Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday.