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December 8, 2017 09:39 am GMT

Uber lands investment from Singapores largest taxi operator in blow to rival Grab

Uber has struck a major deal in Southeast Asia afterComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber Singapore. Comfort will contribute SG$295 million in what is the… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ItkCqjHZ7rU/

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