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 the deal on anti-competitive concerns. Its Fair Trade Commission argued the buyout of Uber's main rival, Foodpanda, would increase the combined market share to 90 per cent on the island and could incentivize Uber to raise prices. Uber said it would not appeal against the decision of Taiwan's FTC. The U.S.