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February 16, 2018 06:21 pm GMT

Startup Grab To Buy Out Uber In Southeast Asia: Report

Singapore-based startup Grab is in talks to buy out Uber’s business in Southeast Asia, CNBC reported Friday, citing people familiar with the negotiations. The U.S. ride-hailing service provider would be compensated in the form of an equity payment granting it a “sizable” stake in Grab. As such, the move is reminiscent of Uber’s 2016 sale […]

The post Startup Grab To Buy Out Uber In Southeast Asia: Report appeared first on AndroidHeadlines.com |.


Original Link: https://www.androidheadlines.com/2018/02/startup-grab-to-buy-out-uber-in-southeast-asia-report.html

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