Sunday, August 14, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home E-Hailing

Official: Grab Acquires Uber Southeast Asia

by Chief Chapree
March 26, 2018
Uber and UberEATS
340
SHARES
Share on FacebookShare on Twitter

Uber today has officially announced that its operations in Southeast Asia will be acquired by its closest and fiercest regional rival, Grab. This announcement confirms all the rumors that have been going around for the last few months.

As a result of the deal, the US-based company will receive a 27.5% stake in the combined entity. At the same time, the CEO of Uber, Dara Khosrowshahi will also be part of Grab’s board.

Aside from Uber’s transportation platform, Grab will also receive UberEATS as part of the acquisition. The company has wasted no time to announce that Grab will be expanding its GrabFood services to all major countries within Southeast Asia in the first half of 2018 following the integration of UberEATS into its business.

ADVERTISEMENT

The acquisition of Uber’s operations in Southeast Asia can be seen as a massive win for Grab, which began its operations as a e-hailing startup in Malaysia just a few years ago. On another hand, the acquisition also means that Grab now dominates the ride-sharing market throughout the region.

GrabFood

Without any major competition around, the inevitable question arises: how will this acquisition mean for consumers in the near future, who have long enjoyed rebates and discounted rides thanks to the stiff competition between Uber and Grab. Only time will tell.

(Source: Uber, Grab, Grab Malaysia, Bloomberg)

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: GrabUber
Updated 1:06 pm, Mon, 26 March 18
Back to top
Share136Tweet85SendShare

ADVERTISEMENT

RELATED ARTICLES

Grab #Grab10versary 10versary sale promotion
E-commerce

Grab Officially Announces Month-Long #Grab10Versary Sale

by Heirul Kamel
August 12, 2022
Grab Intercity
Fintech

Grab Intercity Allows Users To Purchase Bus and Ferry Tickets; Including Direct Routes To Singapore

by Chief Chapree
July 7, 2022
Grab Car e-hailing price fare app
E-Hailing

Grab Introduces RM 1,000 Sign-Up Bonus To Attract New Driver-Partners

by Heirul Kamel
June 22, 2022
GrabFood
Deals

Be A GrabUnlimited Member Now And Save Up To RM300 Every Month

by Newsdesk
June 21, 2022
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Apps

    WhatsApp Is Giving You Two Whole Days To Delete Messages

  2. 2
    Fintech

    Maybank Apple Pay Page Is Now Live [UPDATED]

  3. 3
    Fintech

    Apple Pay Finally Arrives In Malaysia: Supports Maybank, AmBank, and Standard Chartered

  4. 4
    Telco

    Maxis And U Mobile Reportedly The Only Holdouts From DNB 5G Network

  5. 5
    E-Hailing

    Official: Grab Acquires Uber Southeast Asia

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.