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Grab confirms acquisition of Uber's Southeast Asia operations; Uber CEO Khosrowshahi to join Grab's board

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Grab confirms acquisition of Uber's Southeast Asia operations; Uber CEO Khosrowshahi to join Grab's board

Samantha Chiew Published on Mon, Mar 26, 2018 / 10:32 AM GMT+8

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SINGAPORE (Mar 26): Grab confirmed it will be acquiring Uber’s Southeast Asia operations.

This deal is the largest-ever of its kind in Southeast Asia and will see Grab integrating Uber’s ridesharing and food delivery business in the region into Grab’s existing multi-modal transportation and fintech platform.

Uber will take a 27.5% stake in the combined operations and Uber CEO Dara Khosrowshahi will join Grab’s board.