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Ride-hailing firm Grab buys Uber's SE Asia operations

Mar 26. 2018
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By Agence France-Presse
Singapore

982 Viewed

Ride-hailing firm Grab announced Monday it has bought US rival Uber's business in Southeast Asia, ending a fierce battle for market share in the region.

Singapore-based Grab said in a statement it is buying Uber's ride-sharing and food delivery operations in the region. In exchange, Uber will receive a 27.5 percent stake in Grab, the statement said.

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