Uber selling Southeast Asia operations to Grab: report

It was first reported last month that Uber could potentially sell its Southeast Asian business to local competitor Grab. Grab has already been giving Uber a very tough time in this market so the word on the street was that Uber was in talks with Grab to sell its business in return for a “sizable stake” in the company. While Uber CEO’s recent comments suggested that the company was not considering a sale, a new report today claims that Uber might sell parts of its Southeast Asia business to Grab. Citing a source with direct knowledge of the talks, Reuters reports that Grab is in “advanced negotiations” to buy part of Uber’s business in the region. If a deal goes through it would be Uber’s second retreat from an Asian market.Uber first sold its division in China to local rival Didi in exchange for a 20 percent stake in the company. Uber has also combined its business with Yandex’s ride-hailing service in Russia for a 37 percent stake.Grab’s potential agree

Uber selling Southeast Asia operations to Grab: report

Uber is selling parts of its Southeast Asia operations to local rival Grab, getting a piece of the action in the process, according to US media reports.

Thu 8 Mar 18 from Phys.org

Grab expands into lending in Southeast Asia via new venture

SINGAPORE (Reuters) - Southeast Asia's Grab has teamed up with Japanese credit card company Credit Saison Co Ltd to provide loans and lending services in the region, marking the ride-hailing ...

Tue 13 Mar 18 from Reuters Technology

Grab, Uberís Southeast Asia rival, now offers micro-loans and other financial services

 Ride-hailing service Grab is being heavily linked with a deal to buy out Uber’s business in Southeast Asia, but those rumors aren’t stopping it from building its fintech platform ...

Tue 13 Mar 18 from TechCrunch

Grab forms venture with Japan's Credit Saison for lending services

SINGAPORE (Reuters) - Southeast Asia's Grab has formed a venture with Japanese credit card company Credit Saison Co Ltd to provide loans and lending services in the region, marking the ride-hailing ...

Tue 13 Mar 18 from Reuters Technology

Indiaís Ola takes its Uber rivalry to Australia with launch in Sydney

 Ola, Uber’s key rival in India, has taken its first step overseas after its service officially went live in Australia via a launch in Sydney. The company announced its plans to go ...

Mon 12 Mar 18 from TechCrunch

Uber May Sell Parts Of Southeast Asia Business To Grab

It was first reported last month that Uber could potentially sell its Southeast Asian business to local competitor Grab. Grab has already been giving Uber a very tough time in this market ...

Thu 8 Mar 18 from Ubergizmo

Southeast Asia's Grab in talks to buy into Uber's regional business: source

SINGAPORE (Reuters) - Southeast Asia's biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc's business in the region, said a source with knowledge ...

Thu 8 Mar 18 from Reuters Technology

Grab in advanced talks to buy into Uber's Southeast Asia business: source, Thu 8 Mar 18 from Reuters Technology

Grab in advanced talks to buy some of Uber's Southeast Asia businesses: source, Thu 8 Mar 18 from Reuters Technology

Grab is rumored to be buying part of Uber’s Southeast Asia business

A source told Reuters that Grab is in advanced talks to acquire part of Uber’s Southeast Asia business. If it goes through, the deal is expected to mirror the one Uber struck with China’s ...

Thu 8 Mar 18 from Fastcompany Tech

  • Pages: 1

Bookmark

Bookmark and Share