March 11 (Reuters) - Uber UBER.N has decided terminate its agreement to acquire Delivery Hero's DHER.DE Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday.
Taiwan had in February blocked Uber's $950 million purchase of Delivery Hero's Foodpanda business on the island because of concerns it would be anti-competitive.
(Reporting by Chandni Shah in Bengaluru; Editing by Alan Barona)
((Chandni.shah@thomsonreuters.com))
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