Grab’s failed Trans-cab acquisition highlights challenge of solving structural issue of driver supply
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WHEN news broke last week of Grab and Trans-cab pulling out of their proposed deal, it seemed like a foregone conclusion.
Singapore’s competition watchdog earlier in July expressed concerns over the weakening of competition should Grab be allowed to acquire taxi company Trans-cab. Among the concerns raised was how the acquisition would entrench and strengthen Grab’s dominant position in the ride-hailing market.
While the competition commission did give both Grab and Trans-cab 10 working days to propose solutions to allay those concerns, both parties ultimately decided to drop the plan rather than tie themselves up in knots over the issue.
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