Uber lands investment from Singapore’s largest taxi operator in blow to rival Grab


 Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber Singapore. Comfort will contribute SG$295 million in what is the… Read More