Grab says Uber take-over in good faith, amid advanced probe

The Competition Act empowers MyCC to probe mergers which result in monopolies.

Grab and Uber a combined S$13 million over the merger, for significantly reducing competition in the e-hailing sector.

Grab's takeover of Uber in March last year saw the two companies merging their operations throughout Southeast Asia. In Malaysia, the merger made Grab the dominant e-hailing provider in the country, although there are other service providers such as MyCar.Related Reports

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