Uber Technologies Inc. is in advanced talks to turn over most of its Southeast Asia operations to local rival Grab Inc., ending a costly fight for market share in the fast-growing region, according to people familiar with the matter. Uber will gain a roughly 30% stake in Grab in exchange for its operations in Southeast Asia, one of the people said, cautioning that the deal is subject to regulatory scrutiny, which could prevent it from being completed. One of the people said the stake in Grab could be smaller, however.

Source: Wall Street Journal March 08, 2018 15:09 UTC