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.

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

Mar 25, 2018, 12:12pm UTC
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.