In a significant move, Uber Technologies has abandoned its planned acquisition of Delivery Hero's Foodpanda in Taiwan. This decision comes afteoughly three months of deliberation, following an antitrust regulator's blockage of the deal due to competitive concerns.The Taiwanese Fair Trade Commission had expressed severe doubts about the acquisition, stating that it would have led to a market share of 90% for Uber in the country. By backing out, Uber is avoiding potential legal and regulatory backlash, as well as mitigating the risk of further scrutiny from competition authorities.This development marks another setback for Uber's aggressive expansion strategy in Taiwan and globally. The company must now reassess its priorities and consider alternative options for growth in the region.