Uber & Grab’s Deal On Hold

Something really rare just took place between the hot-topic deal buzzing around ride-hailing service Grab's takeover bid of Uber, Singapore.

According to Competition Commision of Singapore(CCS), it launched an investigation into the said deal, stating that they were not duly informed before the proposed sale between the two companies.

CCS proposed interim measures that would temporarily maintain the pricings that passengers are currently enjoying, they also forbade both companies to carry out any intergration processes of their operations until the investigation was concluded.

Source of report here.

Pak Nasir

Pak Nasir

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