Singapore says Grab-Uber merger lessened competition, proposes penalties
https://www.reuters.com/article/us-uber-grab-singapore/singapore-says-grab-uber-merger-lessened-competition-proposes-penalties-idUSKBN1JV0KV
Singapore's Competition and Consumer Commission said on Thursday the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.
Singapore says Grab-Uber merger lessened competition, proposes penalties
Jul 5, 2018, 7:20am UTC
https://www.reuters.com/article/us-uber-grab-singapore/singapore-says-grab-uber-merger-lessened-competition-proposes-penalties-idUSKBN1JV0KV
>Singapore's Competition and Consumer Commission said on Thursday the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.