Grab to pay $6.42m anti-competition fine as it prepares for Go-Jek arrival; Uber appealing watchdog's decision

Last month, the commission arrived at its verdict after six months of investigating Grab's takeover of rival Uber's South-east Asian business.
Last month, the commission arrived at its verdict after six months of investigating Grab's takeover of rival Uber's South-east Asian business.PHOTO: ST FILE

SINGAPORE - Ride-hailing firm Grab has decided not to appeal against an anti-competitive penalty, and will pay the $6.42 million fine imposed by the Competition and Consumer Commission of Singapore (CCCS) last month.

This was its share of a $13 million fine imposed after the commission found that Grab's takeover of Uber's South-east Asian business was anti-competitive.

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