Ride-hailing firm Grab buys Uber's SE Asia operations
Ride-hailing firm Grab announced Monday it has bought US rival Uber's business in Southeast Asia, ending a fierce battle for market share in the region.
Singapore-based Grab said in a statement it is buying Uber's ride-sharing and food delivery operations in the region. In exchange, Uber will receive a 27.5 percent stake in Grab, the statement said.
