#grabuber

Grab-Uber merger: Singapore imposes $9 million fine on ride-hailing firms over deal

Uber Technologies Inc sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a 27.5 percent stake in the Singapore-based firm.

Singapore slapped ride-hailing firms Grab and Uber with fines and finalised restrictions to open up the market to competitors after concluding that their merger in March has driven up prices. Uber Technologies Inc sold its…

Grab-Uber deal wins Philippines approval but ‘virtual monopolist’ concern remains

Grab’s acquisition of Uber’s Southeast Asia business in May has been embroiled in regulatory scrutiny, but the ride-hailing firm has some positive news after the Philippines’ regulator gave the deal the all-clear. It did so, however, whilst laying out terms to prevent the company from becoming overly dominant.

Singapore’s watchdog said in July that competition concerns may see it unwind the…

More countries are probing Grab-Uber deal over anti-competition concerns – TechCrunch

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Singapore’s competition agency last week opened an investigation into Grab’s acquisition of Uber’s Southeast Asia, and now authorities in the Philippines and Malaysia are following suit by looking closely at the deal.

From The Philippines Competition Commission:

The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation services. As…