Uber to sell Southeast Asia operations to Grab, get stake in combined business-source

SINGAPORE (Reuters) - Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to the region's bigger rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia.

from Reuters: Business News https://ift.tt/2G3cDYZ