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Thursday, June 20, 2024
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REPORT FROM REUTERS THAT UBER IS PLANNING TO SELL SOUTH EAST ASIA BUSINESS TO GRAB!

SINGAPORE: Uber Technologies is getting ready to offer its Southeast Asia ride-hailing business to Singapore-based Grab as an end-result of a generous stake in the organization, CNBC detailed, refering to two sources acquainted with the issue.

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No arrangement has been come to yet and the planning of any arrangement is indeterminate, the report said.

In November it was accounted for that SoftBank Group’s multi-billion dollar interest in Uber had opened up the likelihood of consolidating it with other ride-hailing resources that the Japanese gathering possesses.

Uber declined to remark on the report.
Source: Reuters

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