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Uber-Grab merger could be reversed as Singapore watchdog cites lack of competition

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A man walks past a Grab office in Singapore March 26, 2018.
(Reuters) — Singapore’s anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms’ merger as the deal substantially lessened competition. Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm,…Read More

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