Instant Alert: Singapore's competition watchdog says Uber selling its Southeast Asia business to Grab is unfair

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Singapore's competition watchdog says Uber selling its Southeast Asia business to Grab is unfair by Miyoung Kim on Mar 30, 2018, 3:24 AM Advertisement SINGAPORE (Reuters) - Singapore's competition watchdog said on Friday that it had reasonable grounds for suspecting competition had been infringed by the agreed deal by ride-hailing firm Uber Technologies Inc [UBER.UL] to sell its Southeast Asia operations to rival Grab. The Competition Commission of Singapore has commenced investigation into the transaction and proposed interim measures that will require Uber and Grab to maintain their pre-transaction independent pricing, it said in a statement. Uber and Grab announced the deal on Monday, marking the U.S. company's second retreat from an Asian market.     Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011