Uber agrees to sell Southeast Asia business to Grab after costly battle

Uber agrees to sell Southeast Asia business to Grab after costly battle

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-uber-grab/uber-agrees-to-sell-southeast-asia-business-to-grab-after-costly-battle-idUSKBN1H10IY

Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia.