https://www.cnet.com/roadshow/news/uber-and-grab-fined-9-5-million-for-mergers-that-harm-competition/

Uber agreed to sell its Southeast Asia operations to Singapore-based rival Grab in March, in exchange for a 27.5 percent stake. The deal included handing over ride-sharing, food delivery, and payments and financial services in Singapore, as well as in Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Thailand and Vietnam.

Just days after Grab announced the merger, the CCCS launched an investigation, raising concerns it would hurt competition. Grab released a statement Sunday saying it had been compliant with the watchdog in the review.