Uber-Grab deal is being examined by the Philippines competition watchdog

The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies to sell its Southeast Asia business to rival Grab will substantially reduce competition, reports Reuters.

“The Grab-Uber acquisition is likely to have a far-reaching impact on the riding public and the transportation services. As such, the PCC is looking at the deal closely,” the Philippine Competition Commission (PCC) said in a statement.

News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Foreign prostitutes in Germany made homeless after brothels closed
Duterte tells Philippine police to shoot dead lockdown troublemakers
BRAC commits 150 million as emergency assistance for 100000 low-income households
Viber and WHO join together to fight COVID-19 misinformation
Shenzhen bans the sale and consumption of dog and cat meat
Adam Schlesinger, lyricist of Stacy’s Mom, dies with Coronavirus

Advertisement

News of the Month

April 2018
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
2930  
Scroll Up
%d bloggers like this: