Grab Will Acquire Uber's Business In Southeast Asia

- Mar 12, 2018-

  Last week, Southeast Asian taxi software Grab will soon complete the acquisition of Uber's Southeast Asia business. The two parties may sign an agreement in the near future.

  This transaction is similar to Uber's and Didi's transactions in 2016, when Uber bought Didi Travel's equity by selling its local business in China.

  According to informed sources, there are currently plans to show that Uber will probably get a 15% to 20% stake in Grab.

  Uber said that the company’s development in Asia will be in major markets such as Japan and India.

  Grab has already negotiated with investors including Softbank Group. If this transaction is completed, Grab and Uber will end the fierce competition in the market of 620 million people.  ——