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Uber lands investment from Singapore’s largest taxi operator in blow to rival Grab
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Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber Singapore. Comfort will contribute SG$295 million in what is the…
Read Morehttps://techcrunch.com/2017/12/08/uber-comfortdelgro-singapore/?ncid=rss
6 years ago