Under a scenario being considered, Uber’s stake in Grab is likely to be in the high teens or 20%. Under terms of the proposed agreement, Grab would buy out Uber’s operations in certain markets in South-east Asia and Uber will take a stake in Grab, the people said, asking not to be named because the talks are private. Under a scenario being considered, Uber’s stake in Grab is likely to be in the high teens or 20%, said one of the people. The companies have been locked in a struggle for control of as many cities as possible across South-east Asia, home to 620 million people. Pulling out of markets like South-east Asia would boost profits at a company that has burned through $10.7 billion since its founding nine years ago.

Source: Mint March 08, 2018 19:07 UTC