Ride-hailing service Uber could sell its struggling Southeast Asian business to rival Grab for an equity share, as the US company focuses on its 2019 initial public offering. Uber is reportedly preparing to sell its business in Southeast Asia to rival taxi company Grab, according to a report from CNBC. The potential move follows recent comments by CEO Dara Khosrowshahi, who told the Goldman Sachs Technology and Internet Conference that "investing in developing markets is a significant negative but that is an optional investment". In a note published last week, Citi analysts said they expect Uber's valuation of $US1 billion ($A1.24 billion) would be boosted if it were sold off or split into two separate companies.
Ride-hailing service Uber could sell its struggling Southeast Asian business to rival Grab for an equity share, as the US company focuses on its 2019 initial public offering. The potential move follows recent comments by CEO Dara Khosrowshahi, who told the Goldman Sachs Technology and Internet Conference that "investing in developing markets is a significant negative but that is an optional investment". In a note published last week, Citi analysts said they expect Uber's valuation of $US1 billion ($A1.24 billion) would be boosted if it were sold off or split into two separate companies.