Grab merges with Uber in Southeast Asia in largest-ever deal of its kind, Uber to keep 27.5% stake

Grab merges with Uber in Southeast Asia in largest-ever deal of its kind, Uber to keep 27.5% stake

In the most valuable deal of its kind in history, and what must surely be a blow to the America transport giant’s aspirations, Grab will integrate Uber’s ridesharing and food delivery business in Southeast Asia into Grab’s existing transportation and fintech platform.

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Source: traveldailymedia