Uber agrees to sell Southeast Asia business to Grab after costly battle

SINGAPORE (Reuters) - Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company's second retreat from an Asian market.

from Reuters: Top News http://uk.reuters.com/article/uk-uber-grab/uber-agrees-to-sell-southeast-asia-business-to-grab-after-costly-battle-idUKKBN1H10IL?feedType=RSS&feedName=topNews