Uber to sell Southeast Asia business to Grab after costly battle
Uber agrees to sell Southeast Asia business to Grab after costly battle
March 25, 2018Megaupload founder wins battle in ongoing fight against U.S. extradition
March 25, 2018This post was originally published on this site
SINGAPORE/SAN FRANCISCO (Reuters) – Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company’s second retreat from an Asian market.