Regulators in Singapore have put limits on merger plans between Uber and local rival Grab . In its review of the proposed merger, the Competition and Consumer Commission of Singapore has blocked exclusivity deals with new drivers, prevented Grab from taking historical user data from Uber and demanded unchanged pricing. However, the regulator is not expected to block the merger. Edgar Su - RC19CDD8AF70 had struggled with thin margins after launching in Singapore so decided to sell its its southeast Southeast Asia operations to Reuters in exchange for a 27.5 percent stake.
Regulators in Singapore have put limits on merger plans between Uber and local rival Grab. In its review of the proposed merger, the Competition and Consumer Commission of Singapore has blocked exclusivity deals with new drivers, prevented Grab from taking historical user data from Uber and demanded unchanged pricing. However, the regulator is not expected to block the merger. Uber had struggled with thin margins after launching in Singapore so decided to sell its its southeast Asia operations to Grab in exchange for a 27.5% stake.