Uber set to appeal Singapore regulator’s decision on Grab merger

​Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said on Monday. Last month, Singapore slapped ride-hailing firms Grab and Uber with fines and imposed restrictions on their businesses to open up the market to competitors,… Read More Uber set to appeal Singapore regulator’s decision on Grab merger

Singapore proposes fines on Uber, Grab merger for reduction of competition

​Singapore’s anti-trust body proposed fines on ride-hailing firms Grab and Uber, provisionally finding that their merger had reduced competition and suggesting remedies such as the sale of their car-leasing businesses. The Competition and Consumer Commission of Singapore (CCCS) also warned that it may require the companies to unwind the merger depending on whether the remedies… Read More Singapore proposes fines on Uber, Grab merger for reduction of competition

Taxi services firm Grab acquires Uber’s Southeast Asian business

Uber Technologies Inc. has agreed to sell its Southeast Asian business to bigger regional rival Grab, the ride-hailing firms said on Monday, marking the U.S. company’s second retreat from an Asian market. The industry’s first big consolidation in Southeast Asia, home to about 640 million people, puts pressure on Indonesia’s Go-Jek, which is backed by… Read More Taxi services firm Grab acquires Uber’s Southeast Asian business