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Singapore watchdog sets interim terms for Uber-Grab deal

Reuters  |  SINGAPORE 

(Reuters) - Singapore's competition watchdog on Friday outlined a number of interim measures as it continued investigation into ride-hailing firm Grab's deal to buy Technologies' business in the city-state.

The Competition and Consumer Commission of said the measures include preventing to take over operational data from to enhance its market position, adding that would continue to operate in until May 7 to smoothen the transition.

Other measures include ensuring that drivers are not subjected to 'exclusivity agreements' and making sure the ride-hailing firms maintain their pre-merger pricing and commission levels.

is selling its Southeast Asian business to bigger local rival Grab, marking the U.S. company's second retreat from an Asian market. The deal, however, is under regulatory scrutiny.

(Reporting by John Geddie, Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 11:52 IST
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