Singapore says Uber-Grab deal may flout competition rules – ValueWalk Premium

Singapore says Uber-Grab deal may flout competition rules

The sale of Uber’s Southeast Asian business to Singapore-based rival Grab may have infringed competition rules, a Singapore watchdog said Friday, imposing restrictions on the deal while it carries out an investigation. The sale announced on Monday ended a bruising battle between the ride-hailing behemoths and marked the US firm’s latest retreat from international markets. But…



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