Uber sells 51% stake of Singapore business to ComfortDelGro
Singapore-headquartered transport company ComfortDelGro has agreed to acquire 51% stake in Uber-owned car rental subsidiary, Lion City Holdings in Singapore. The deal will be valued at about $474 million, making it ComfortDelGro's largest deal to-date. The deal will also allow ComfortDelGro's taxi drivers to receive ride requests on Uber's app.