"Uber is giving up on the fight for ride-hailing customers in Southeast Asia.
The US company is selling its business in the region to local rival Grab, the companies said in a statement Monday.
Uber won't receive any cash from the sale. Instead, it will get a 27.5% stake -- worth several billion dollars -- in Singapore-based Grab. The companies declined to disclose the deal's price tag."
http://money.cnn.com/2018/03/25/technology/uber-grab-deal-southeast-asia/index.html
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