Grab To Buy Business Previously Eyed By Uber — Wall Street Cheers Move

• Grab Holdings announced that it would buy Delivery Hero's foodpanda delivery business in Taiwan in cash for $600 million. 
• Uber in May 2024 had reached an agreement to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash.
• However, in early 2025, the American ride-hailing giant terminated the deal after Taiwan’s antitrust regulator rejected it.

Shares of Grab Holdings Ltd. (GRAB) closed 2% higher in the regular session on Monday and edged up about 0.3% after hours after it announced that it would buy Delivery Hero's foodpanda delivery business in Taiwan in cash for $600 million as it seeks to expand its presence in the Asian country.

Jefferies analyst Thomas Chong reiterated a ‘Buy’ rating and $6.70 price target on Grab’s shares, saying the company's announcement of an acquisition of Taiwan's foodpanda should be accretive to adjusted core profit in 2028.

The firm believes the announcement was unexpected by the market, adding that the deal will enable  ride hailing and delivery app Grab to replicate its Southeast Asian delivery success in Taiwan. The cash consideration of $600 million reflects a 30% discount to the price proposed by Uber in 2024 for the business, the analyst told investors in a research note.

Uber’s Past Failed Efforts

Uber in May 2024 had reached an agreement to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash. However, in early 2025, the American ride-hailing giant terminated the deal after Taiwan’s antitrust regulator rejected it.

Grab’s deal with foodpanda is now expected to take place in the second half of 2026. After the acquisition, Grab will have a presence across 21 cities in Taiwan, the company said.

Grab on Monday also said that the transaction is expected to be accretive to its annual revenue guidance and contribute at least $60 million in incremental adjusted core profit in 2028.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around GRAB stock rose from ‘bearish’ to ‘neutral’ territory over the past 24 hours, while message volume stayed at ‘normal’ levels

GRAB stock has dropped 21% over the past 12 months. 

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