Delivery Hero SE (XTRA:DHER) has terminated discussions with US sector player Uber Eats over the sale of its Foodpanda Taiwan Co. Ltd. business in Taiwan, German paper WirtschaftsWoche reported on Feb. 29, 2024.

Reportedly, the parties were in advanced talks and Delivery Hero was pursuing a price significantly exceeding USD 1 billion (EUR 924 million). The news comes just after the German company said last week it has discontinued negotiations regarding the sales of the Foodpanda business in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos. Delivery Hero, however, added at the time that it remains open to a transaction and will continue to assess potential strategic options.