SINGAPORE/SAN FRANCISCO (Reuters) - Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the ride-hailing firms said on Monday, marking the U.S. company ...
Uber, which for years spread across the globe with command-and-conquer rapaciousness, is pulling back from another major ride-hailing market. Uber will get a 27.5 percent stake in Grab in exchange.
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