Uber plans to sell Southeast Asia business to Grab: CNBC
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 [February 17, 2018]
(Reuters) - Uber Technologies
[UBER.UL] is preparing to sell its Southeast Asia ride-hailing business
to Singapore-based Grab in return for a substantial stake in the
company, CNBC reported, citing two sources familiar with the matter.
No deal has been reached yet and the timing of any deal is uncertain,
the report said.
Reuters reported in November that SoftBank Group's multi-billion dollar
investment in Uber had opened up the possibility of combining it with
other ride-hailing assets that the Japanese group owns.
Uber declined to comment on the report.
(Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur)
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A man arrives at the Uber offices in Queens, New York, U.S. on
February 2, 2017. REUTERS/Brendan McDermid/File Photo
 |
