Uber to sell its Southeast Asia business to rival Grab
Uber has agreed to sell its Southeast Asia business to local rival Grab, including its food ordering service Uber Eats. In exchange, Uber will get a 27.5% stake in Grab and the company's CEO Dara Khosrowshahi will join Grab's board. This marks Uber's third exit from an international market after its exit from China in 2016 and Russia in 2017. 