Uber to sell Southeast Asia operations to Grab, get stake in combined business-source
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March 25, 2018Uber agrees to sell Southeast Asia business to Grab after costly battle
March 25, 2018This post was originally published on this site
SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to the region’s bigger rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia.