25 Mar '18, 9am

[Mothership] Sale of Uber’s Southeast Asian business to Grab more or less confirmed: Bloomberg https://t.co/c7xpePNxXK

Uber is selling its Southeast Asian business to Grab, Bloomberg reported on Sunday, March 25, 2018. This news comes ahead of the deal that could be announced on Monday. Advertisement Uber Eats included The agreement will include all of Uber’s operations in Southeast Asia, as well as Uber Eats in the region. Uber gets stake In return, Uber gets a stake of between 25 and 30 percent in the new combined business. This marks Uber’s operational exit and hands a victory to Grab, which is taking on Go-Jek as well. SoftBank Group backs Grab and Uber Japan’s SoftBank Group Corp. became the largest shareholder in Uber in January 2018. It is also backing Grab and China’s Didi Chuxing. Grab was most recently valued at US$6 billion. With both Grab and Uber backed by SoftBank, the rationale would be to encourage ride-hailing startups in SoftBank’s portfolio to cut back on competing with ...

Full article: https://mothership.sg/2018/03/uber-sold-to-grab/

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scmp.com 25 Mar '18, 10pm

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mothership.sg 26 Mar '18, 3pm

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channelnewsasia.com 25 Mar '18, 11am

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straitstimes.com 26 Mar '18, 2am

SINGAPORE - Grab on Monday (March 26) confirmed that it has acquired Uber's South-east Asia operations for an undisclosed ...

Uber is pulling out of Southeast Asia, selling its operations to Singapore-based Grab

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bloomberg.com 26 Mar '18, 2am

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soyacincau.com 26 Mar '18, 1pm

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channelnewsasia.com 26 Mar '18, 11pm

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mothership.sg 26 Mar '18, 10am

Say goodbye to Uber in Singapore, folks. On Monday, March 26, we learned the official news that Grab has acquired Uber’s o...