Competition watchdog says entry of new players will be a factor in assessment of Grab-Uber merger

The Competition and Consumer Commission of Singapore (CCCS) is probing into the Grab-Uber merger to assess if any competition laws have been infringed.
The Competition and Consumer Commission of Singapore (CCCS) is probing into the Grab-Uber merger to assess if any competition laws have been infringed.PHOTO: ST FILE
Ryde founder and CEO Terence Zou speaks to the media at the launch of its RydeX private-hire car service at the Intercontinental Hotel on April 26, 2018.
Ryde founder and CEO Terence Zou speaks to the media at the launch of its RydeX private-hire car service at the Intercontinental Hotel on April 26, 2018.ST PHOTO: LIN ZHAOWEI

SINGAPORE - Singapore's competition watchdog said on Thursday (April 26) it has noted the news of potential new entrants into the ride-hailing industry, as it continues its probe into the Grab-Uber merger to assess if any competition laws have been infringed.

The Competition and Consumer Commission of Singapore (CCCS), which issued orders two weeks ago to stall Grab's acquisition of Uber's operations here, told The Straits Times that the "entry of players into the market is a factor for consideration" in its assessment.

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