Uber discussing sale of ASEAN business to Grab: Report

Uber discussing sale of ASEAN business to Grab: Report

A driver for the Uber Technologies Inc. ride-hailing service uses the company's app on a smartphone in an arranged photograph in Singapore, on Monday, Oct. 31, 2016. Photographer: Ore Huiying/Bloomberg

Transport network firm Uber Technologies is reportedly preparing to sell its Southeast Asia operations to Singapore-based Grab in return for a substantial stake, a CNBC report said citing sources familiar with the matter.

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