Uber to sell Southeast operations to Grab, get stake in combined business: source

Uber to sell Southeast operations to Grab, get stake in combined business: source

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-uber-grab/uber-to-sell-southeast-operations-to-grab-get-stake-in-combined-business-source-idUSKBN1H10IY

Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to the region's bigger 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.