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.