Apr 3, 2018

Grab boss: 'zero issues' with Uber deal in South East Asia

The chief executive of ride-sharing firm Grab says he is confident regulators will not derail his plan to buy Uber's South East Asian operations. South East Asia's most popular ride-hailing firm said last week it would buy its rival's regional operations for an undisclosed sum. The Philippines anti-competition watchdog said the deal created a "Virtual duopoly", while Malaysian officials said they would monitor Grab for possible anti-competitive behaviour. Under the terms of the deal, Uber will take a 27.5% stake in Singapore-based Grab in exchange for Grab taking over the US giant's ride-sharing and food delivery operations across South East Asia. A profile of Grab including an interview with Anthony Tan will kick off a series looking at Asia's Tech Titans on BBC World News on Saturday 7 April.

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