ComfortDelGro and Uber part ways; Lion City acquisition terminated

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SINGAPORE (May 25): ComfortDelGro and Uber Technologies have agreed to dissolve the strategic agreement that they entered into last December.

This came on the back of local ride-hailing platform, Grab, acquiring Uber’s Southeast Asian business. 

Hence, ComfortDelGro will be terminating its proposed acquisition of a 51% stake in Uber’s wholly-owned car rental subsidiary...(click on link for full story on theedgesingapore.com)