Uber sells Southeast Asia business to Grab, picks up 27.5% stake in combined entity

Uber sells Southeast Asia business to Grab, picks up 27.5% stake in combined entity

Grab co-founder Anthony Tan. Photographer: Ore Huiying/Bloomberg

Singapore’s ride-hailing major Grab on Monday announced that it has acquired Uber’s Southeast Asia operations, including ridesharing and food delivery businesses, in the region.

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