• Grab-Uber deal wins Philippines approval but ‘virtual monopolist' concern remains

    5 days ago - By TechCrunch

    Grab's acquisition of Uber's Southeast Asia business in May has been embroiled in regulatory scrutiny, but the ride-hailing firm has some positive news after the Philippines' regulator gave the deal the all-clear. It did so, however, whilst laying out terms to prevent the company from becoming overly dominant.
    Singapore's watchdog said in July that competition concerns may see it unwind the deal, which saw Grab pick up and then shutter Uber's ride-hailing and food delivery business while the U.S. got a 27.5 percent stake in its recent. Competition is also a concern in the Philippines, but...
    Read more ...