Uber to sell operations in SEA to native incumbent Grab, includes Eats

www.bloomberg.com

The agreement -- which includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region -- gives the U.S. company a stake of between 25 percent and 30 percent in the new combined business

That's the second regional exit for Uber after it did a similar deal with Didi in China, and another that was urged by Softbank, who have investments in every ride-hailing firm, in order to reduce price competition for their investments.

Read more...
Linkedin

Want to receive more content like this in your inbox?