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Ride-hailing firm Grab buys Uber’s SE Asia operations

Singapore-based ride-hailing firm Grab announced Monday it has bought US rival Uber's business in Southeast Asia, ending a fierce battle for market share in the region. Grab said in a statement it is buying Uber's ride-sharing and food delivery operations in the region. In exchange, Uber will receive a 27.5 percent stake in Grab. The statement…

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