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Grab-Uber deal: Competition watchdog's action justified but unlikely to change situation on the ground
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The Competition and Consumer Commission of Singapore fined Grab and Uber a combined $13 million for their merger.
PHOTO: LIANHE ZAOBAO
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SINGAPORE - The Competition and Consumer Commission of Singapore's (CCCS) decision on the merger in March of Grab and Uber was the only sensible conclusion that could have emerged from the saga.
The merger saw US-based Uber selling its South-east Asian ride-hailing business to rival Grab in exchange for a 27.5 per cent stake in the Singapore-based firm.
