Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger
https://techcrunch.com/2018/09/23/uber-and-grab-hit-with-9-5m-in-fines/
Uber and Grab have been hit with combined fines of $9.5 million after their merger deal was found to have violated Singapore’s anti-competition laws.
Grab acquired (and then merged/closed) Uber’s Southeast Asia business in March, but the Competition Commission of Singapore today declared the deal is “anti-competitive” following a months-long investigation into its impact on Singapore.