Singapore competition watchdog says no guidance yet on Grab, GoTo merger plans
1 week, 3 days ago

Singapore competition watchdog says no guidance yet on Grab, GoTo merger plans

Hindustan Times  

By Yantoultra Ngui Singapore competition watchdog says no guidance yet on Grab, GoTo merger plans SINGORE - The Competition and Consumer Commission of Singapore has not received notification from ride and delivery companies Grab or GoTo on a proposed merger, it said on Wednesday. The commission said that it is aware of media reports regarding a possible merger between the two companies, and that the parties should seek legal advice on whether any proposed merger complies with competition laws in Singapore. Singapore-headquartered Grab, which is backed by Uber, and its smaller Indonesian rival GoTo, have reportedly engaged in several rounds of talks over a potential merger. CCCS in 2018 fined Grab and Uber a combined S$13 million after Grab failed to notify it of its merger with Uber, which substantially reduced competition in Singapore.

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History of this topic

‘Distorting competition’: Malaysia fines ride hailing firm Grab
5 years, 5 months ago

‘Distorting competition’: Malaysia fines ride hailing firm Grab

Al Jazeera  

Malaysia‘s competition regulator on Thursday proposed a fine of more than 86 million ringgit on ride-hailing firm Grab for violating the country’s competition law by imposing restrictive clauses on its drivers’ contracts. The Malaysia Competition Commission ruled that Singapore-based Grab, which has major backing from Japan’s SoftBank Group Corp, had abused its dominant position in the local market by preventing …

Ride-hailing firm Grab launches service in Cambodia; expands service to eighth country in the region
7 years, 3 months ago

Ride-hailing firm Grab launches service in Cambodia; expands service to eighth country in the region

Firstpost  

In October, Grab secured $700 million in debt financing to expand its fleet and signed an exclusive partnership with Singapore public transport operator SMRT. Ride-hailing firm Grab, the biggest Southeast Asian rival of Uber Technologies Inc, on Tuesday said it has launched services in Phnom Penh, Cambodia, expanding its presence to an eighth country in the region. The launch marks …

Grab, Uber’s Southeast Asian rival, to seek funds, eyes fintech business
7 years, 9 months ago

Grab, Uber’s Southeast Asian rival, to seek funds, eyes fintech business

Live Mint  

Singapore: Grab, Uber Technologies Inc.’s biggest ride-hailing competitor in South-east Asia, is likely to kick off a fresh round of fundraising “in the near future” as it seeks to develop offerings such as financial services, its head said on Tuesday. Building on soaring user numbers of its Grab ride-hailing app and GrabPay function, the five-year-old start-up aims to transform into …

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