Whether the merger of ride-hailing giants Grab and Uber will result in greater efficiency or substantially cut competition here is being evaluated by the Competition Commission of Singapore (CCS).
The competition watchdog told The Straits Times it began an investigation into the merger on Tuesday and both parties responded on Wednesday to its request to clarify details of the deal. Grab indicated the parties' intention to file a formal merger notification with the CCS but did not give a date.
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