Uber to sell Southeast Asia business to Grab after costly battle

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.

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Megaupload founder wins battle in ongoing fight ag...
Uber agrees to sell Southeast Asia business to Gra...

Related Posts