Philippine competition watchdog examining Uber-Grab deal

[SINGAPORE] The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies to sell its South-east Asia business to rival Grab will substantially reduce competition.

"The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation services. As such, the PCC is looking at the deal closely," the Philippine Competition Commission (PCC) said in a statement.

REUTERS