Grab buys over Uber: What does this mean for passengers
As part of the transaction, Uber would get a 27.5 per cent stake in the combined business.
But what does this mean for existing Uber passengers? Here's what we know so far:
Uber's ride-hailing service to be consolidated into the Grab app
Grab said that nothing will change in the immediate term and operations will continue as usual, as they work to combine the Uber and Grab platforms. It mentioned that passengers "can expect better service with more drivers and transport options available in one app".
What this means is that Uber passengers will soon have to use the Grab app to hail a ride within Southeast Asia countries, which includes Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and