Recent developments in the food delivery and tech sectors have taken a significant turn. Uber Technologies Inc. has decided to terminate its acquisition of Delivery Hero SE's food delivery business, Foodpanda, in Taiwan. This decision came in response to the rejection of the deal by the island’s antitrust authority, impacting not only the companies involved but also their shareholders.

On Monday, Dutch investor Prosus $PRX.AS announced its intention to acquire all outstanding shares of Just Eat Takeaway.com $TKWY.AS for 4.1 billion euros (4.31 billion dollars). The deal, which has received unanimous support from the management and supervisory board of Just Eat, is aimed at creating a leading tech champion in European food delivery. Prosus, whose controlling stake is held by South African company Naspers $NPSNY, already owns 28% of the shares of the global food delivery leader Delivery Hero $DHER.DE.