https://www.recode.net/2018/3/25/17162972/uber-grab-southeast-asia-sale-acquisition-taxi-ride-share-dara-khosrowshahi

Uber is officially exiting Southeast Asia. The ride-hail company has agreed to sell its regional business to its primary competitor, Grab.

The sale price wasn’t disclosed, but as part of the deal, Uber will be getting a 27.5 percent stake in the company, described as worth “several billion dollars” by Uber CEO Dara Khosrowshahi in an email sent to employees. He will also be joining Grab’s board.