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WSJ: Uber nears deal for Grab stake

Mar. 08, 2018 10:57 AM ETUber Technologies, Inc. (UBER) StockUBER, GRABBy: Brandy Betz, SA News Editor
  • WSJ reports Uber (UBER) is near a deal with rival Grab (GRAB).
  • Uber would turn over most of its operations in Southeast Asia for a 30% stake in Grab. The region’s ride-hailing market could grow over five times to $13.1B by 2025, according to Google and Temasek data. 
  • Sources say regulatory agencies could still block the deal and that the stake involved could prove lower. 
  • Precedent: Uber merged its Russian operations with local competitor Yandex for a 37% stake and sold its Chinese operations to Didi Chuxing for a 20% stake. 
  • Connecting thread: SoftBank has stakes in Grab, Didi, and Uber. 
  • Previously: Uber could sell unit to Grab for stake; Waymo planning ride-hailing service (Feb. 16)

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