Grab fields questions on its Uber deal

Singapore-based Grab has acquired Uber's South-east Asia operations for an undisclosed sum.
Singapore-based Grab has acquired Uber's South-east Asia operations for an undisclosed sum.ST PHOTO: ARIFFIN JAMAR

SINGAPORE - Grab, a regional company headquartered here, took over American rival Uber's South-east Asian business on Monday (March 26) for an undisclosed sum.

Despite weeks of speculation, both parties had remained tight-lipped about the deal until 10am on Monday.

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