Grab-Uber deal wins Philippines approval but ‘virtual monopolist’ concern remains

Grab’s acquisition of Uber’s Southeast Asia business in May has been embroiled in regulatory scrutiny, but the ride-hailing firm has some positive news after the Philippines’ regulator gave the deal the all-clear. It did so, however, whilst laying out terms to prevent the company from becoming overly dominant. Singapore’s watchdog said in July that competition […]

Grab-Uber deal wins Philippines approval but ‘virtual monopolist’ concern remains

Grab’s acquisition of Uber’s Southeast Asia business in May has been embroiled in regulatory scrutiny, but the ride-hailing firm has some positive news after the Philippines’ ...

Fri 10 Aug 18 from TechCrunch

Philippines sets rules for 'virtual monopolist' Grab after Uber deal

The Philippine competition watchdog said on Friday it has approved ride hail firm Grab's acquisition of Uber's operations, providing it follows rules to ensure fairness to consumers given its ...

Fri 10 Aug 18 from Reuters Technology

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