Singapore’s Competition and Consumer Commission (CCCS) has found that the Grab-Uber merger has substantially lessened competition, and proposed to impose financial penalties on both the ride-hailing transport firms to restore market contestability, it said in a statement today.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
