Singapore watchdog threatens to unwind Uber’s Southeast Asia exit deal

Singapore watchdog threatens to unwind Uber’s Southeast Asia exit deal

7 years ago
Anonymous $cyhBy-qkd5

https://techcrunch.com/2018/07/05/singapore-watchdog-threatens-to-unwind-ubers-southeast-asia-exit-deal/

Uber’s exit from Southeast Asia may be done and dusted, but the deal — which saw Grab take over its local operations in exchange for a 27.5 percent stake — is coming pressure in Singapore where the country’s antitrust regulator has threatened to unwind the deal because it has reduced competition.

The Competition and Consumer Commission Singapore (CCCS) today announced the result of a three-month investigation into the deal and its provisional findings offer some fairly scathing conclusions.