Uber plans to sell Southeast Asia business to Grab: CNBC

Uber Technologies 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.

>>Reuters
Published : 17 Feb 2018, 10:59 AM
Updated : 17 Feb 2018, 10:59 AM

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.