Uber sells Southeast Asia business to Grab after costly battle

Uber sells Southeast Asia business to Grab after costly battle

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-uber-grab/uber-sells-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 on Monday, marking the U.S. company's second retreat from an Asian market.

Uber sells Southeast Asia business to Grab after costly battle

Mar 26, 2018, 5:12am UTC
https://www.reuters.com/article/us-uber-grab/uber-sells-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 on Monday, marking the U.S. company's second retreat from an Asian market.