Malaysia puts Grab on anti-competition watchlist after Uber stake buy; Philippines studying possible impact of deal
Reuters • • 3 min read
KUALA LUMPUR (Apr 2): Malaysia said on Monday that it will monitor ride-hailing firm Grab for possible anti-competitive behaviour, after rival Uber Technologies offloaded its Southeast Asian operations to the Singapore-based firm.
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KUALA LUMPUR (Apr 2): Malaysia said on Monday that it will monitor ride-hailing firm Grab for possible anti-competitive behaviour, after rival Uber Technologies offloaded its Southeast Asian operations to the Singapore-based firm.
Uber’s deal to take a 27.5% stake in Grab in exchange has raised a red flag with Singapore’s competition watchdog, which said on Friday it was investigating a suspected breach of competition law.
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