Singapore says Grab-Uber merger lessened competition, proposes penalties

Singapore says Grab-Uber merger lessened competition, proposes penalties

6 years ago
Anonymous $cyhBy-qkd5

https://www.reuters.com/article/us-uber-grab-singapore/singapore-says-grab-uber-merger-lessened-competition-proposes-penalties-idUSKBN1JV0KV

Singapore's Competition and Consumer Commission said on Thursday the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.