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NYSE:DIDI 29 March 2026

Grab Holdings’ $600 Million Foodpanda Taiwan Deal Faces Fresh Scrutiny Over Uber Stake

Grab Holdings’ $600 Million Foodpanda Taiwan Deal Faces Fresh Scrutiny Over Uber Stake

Grab said Uber’s voting rights are below 4% as Taiwan regulators review its $600 million bid for Foodpanda Taiwan. The deal would mark Grab’s first expansion outside Southeast Asia, with closing expected in late 2026 and full migration to the Grab app by early 2027. Taiwan’s Fair Trade Commission is focusing on “actual control” and potential market abuse. Foodpanda Taiwan handled $1.8 billion in orders in 2025.

Stock Market Today

  • Warren Buffett-Backed Occidental and Chevron Shine Amid Iran Tensions
    March 29, 2026, 12:24 PM EDT. Warren Buffett's Berkshire Hathaway holds major stakes in Occidental Petroleum and Chevron, positioning them as safe bets in the volatile oil market impacted by Iran. Occidental, benefiting from strategic acquisitions like Anadarko and CrownRock, has reduced debt and generates strong free cash flow even at low oil prices. Chevron's focus on high-margin assets and the Hess acquisition underpin its capacity to deliver substantial free cash flow, even below $50 per barrel. With crude oil prices rising sharply this year, both companies are poised to boost debt repayment, share buybacks, and dividends, highlighting resilience amid geopolitical risks.
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