Commentary

Competition and Consumer Commission of Singapore's action justified but unlikely to change situation on the ground

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 United States-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.

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A version of this article appeared in the print edition of The Straits Times on September 25, 2018, with the headline 'CCCS action justified but unlikely to change situation on the ground'. Print Edition | Subscribe