PE-backed Grab to buy Uber's Southeast Asia operation
Grab, a private equity-backed ride-hailing platform headquartered in Singapore, has agreed to acquire the Southeast Asia operations of global rival Uber. It follows a similar arrangement struck two years ago between Didi Chuxing and Uber in China.
Uber’s ridesharing and food delivery businesses in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam will be integrated into the Grab platform. As part of the acquisition,...
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