Grab finally confirmed rumors, announcing it will acquire all Uber's Southeast Asia operations and assets, with Uber gaining a large stake in the company. After investing $700M into the competitive Southeast Asian market, Uber will turn its attention to countries where it dominates ride-hailing.
from Forbes Real Time https://www.forbes.com/sites/daniellekeetonolsen/2018/03/26/grab-officially-takes-control-of-ubers-southeast-asia-operations/
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