27 Mar 2018, Waratthapoom Buarapha, EMIS Editor
Uber agrees to sell Southeast Asia arm to Grab
In exchange, Uber will receive a 27.5% stake in Grab and Khosrowshahi will join the board of Grab, the Malaysian Reserve noted.
The US company will officially stop providing its services in Southeast Asia on the 8th of April and transfer its 500 staff to Grab. The Uber app can still be used by customers in the region for two more weeks while Uber Eats will continue to operate until end of May.
Sign in and read the full article in emis.com Original source: The Malaysian Reserve