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.

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

Mar 25, 2018, 1:18pm UTC
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.