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

Techcrunch ---------- 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 under 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. Primarily, CCCS said that Uber and Grab “have not been able to show that the transaction gives rise to efficiencies that would outweigh the harm to competition.” To learn more click on the picture below to read the article.