Grab sheds light on takeover deal

A passerby walking past a Grab logo at their main office in Midview City on June 23, 2017.
A passerby walking past a Grab logo at their main office in Midview City on June 23, 2017.PHOTO: ST FILE

After weeks of speculation and both parties remaining tight-lipped about the deal, Grab, a regional firm headquartered here, took over American rival Uber's South-east Asian business yesterday for an undisclosed sum. Uber remained unavailable for comment, but Grab answered The Straits Times' questions about the acquisition.

Q How much did Grab pay for Uber's regional business?

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A version of this article appeared in the print edition of The Straits Times on March 27, 2018, with the headline 'Grab sheds light on takeover deal'. Print Edition | Subscribe