Uber to sell Southeast Asia business to rival Grab: sources

Uber to sell Southeast Asia business to rival Grab: sources

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-uber-grab/uber-to-sell-southeast-asia-business-to-rival-grab-sources-idUSKBN1H10IY

Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia.

Uber to sell Southeast Asia business to rival Grab: sources

Mar 25, 2018, 8:12pm UTC
https://www.reuters.com/article/us-uber-grab/uber-to-sell-southeast-asia-business-to-rival-grab-sources-idUSKBN1H10IY >Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia.