REUTERS/ 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. The deal would create a global ride-hailing giant that could challenge Uber, which currently dominates Southeast Asia.
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. The deal would create a global ride-hailing giant that could challenge Uber, which currently dominates Southeast Asia.