Uber to sell Southeast Asia business to Grab after costly battle

Uber 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-to-sell-southeast-asia-business-to-grab-after-costly-battle-idUSKBN1H204K

Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company's second retreat from an Asian market.