Previously after a fierce battle, Uber sold its China operations to rival Didi Chuxing in 2016 in return for a stake, and a year ago the United States firm merged in Russian Federation with the taxi-hailing app of internet giant Yandex.
In a statement to the media, Grab said Uber employees were being placed on paid leave. He did not want to be identified as the deal is not public yet.
"This deal is a testament to Uber's exceptional growth across Southeast Asia over the last five years".
In China, Uber has sold off its local business to competitor Didi Chuxing, also taking a stake in the Asian firm.
"The combined service of Grab and Uber signals a wider network of TNVS (transport network vehicle service) drivers and passengers and improved ridesharing services", Cu stated.
Uber declined to comment and Grab, which has an estimated valuation of about US$6 billion (RM23.5 billion), declined to comment. Grab has announced that the Uber app will still continue working in the Southeast Asian region for another two weeks ending on the 8th of April 2018. The companies declined to disclose the deal's price tag.
For Softbank, the deal will help it "double down" on its plans for growth and invest in products and technology.
"Today's acquisition marks the beginning of a new era", said Anthony Tan, Chief Executive Officer of Grab.
Grab has been seeking to dominate the regional market for auto and motorbike hailing and has expanded into other areas, recently announcing plans to partner with a Japanese credit card company to provide credit to millions of people without bank accounts. In Russia, it agreed to merge its ride-hailing business in the country with Yandex, a local search-engine leader that also runs a popular taxi-booking app.
And Japanese tech company SoftBank agreed to buy a 15% stake in Uber at the end of a year ago. Now Uber is handing over to Grab in countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, Cambodia and Myanmar.
Uber's two previous retreats, from China and Russian Federation, happened under former CEO Travis Kalanick.
The latest deal with Grab means Uber is joining Didi and Japan's SoftBank Group Corp.as one of Grab's largest investors.
If you look at the terms and conditions of use, users of Facebook have given up a lot of their rights, privacy included. While we receive certain permissions from Android , uploading this information has always been opt-in only.
They came tantalising close in 2014, but lost 1-0 to Germany in the final following an extra-time strike from Mario Gotze. However, the forward is set to return from injury against Spain at the Wanda Metropolitano on Tuesday.
The youngsters died from gas poisoning after the blaze broke out at the Winter Cherry shopping centre, according to reports. The shopping centre, which contains cinemas, restaurants and shops was evacuated when the blaze was first spotted.
In the meantime, Uber has suspended its self-driving trials - and on Monday, Arizona revoked its licence to do so anyway. The i-Pace is itself an innovation for the Indian-owned, UK-based carmaker, being its first fully electric SUV.
The National Transportation Safety Board , which makes recommendations for preventing crashes, is investigating the crash. He said he expects public safety to be the top priority for those who operate self-driving cars.
The packages sent to Anacostia-Bolling and the naval warfare center did not contain explosives, according to CBS News. Officials at Fort McNair told NBC News the package they received tested positive for explosive black powder.
In another message, married Zamora allegedly wrote: "If I could quit my job and (have sex with) you all day long, I would". The student reported the police that the contact began when Zamora started "flirting" with him on a classroom chat group.
However, if significant regulatory action is taken by the U.S. , the major cryptocurrencies could see a dramatic market decline. For Japan, the restrictions will be limited to crypto exchanges regulated by its national financial regulator, Twitter said.
This also does not affect South Korean automakers because they are now exporting no pick-up truck to the United States. In exchange it will be exempted from the United States steel tariffs , trade minister Kim Hyon-chong told reporters.
He was filmed not only rubbing the ball with the dirtied tape but concealing the evidence down the front of his pants . Steve Smith and Cameron Bancroft ball-tampering issue during third test against south Africa shocked cricket world.
Kenyan opposition lawyer denied entry at airport
Interior ministry spokesman Mwenda Njoka told Reuters on Tuesday he was working on a statement but could not immediately comment. A Kenyan court then ordered that Miguna's Kenyan passport be restored and that he be granted entry to the country.
Apple To Unveil New Education Product At Lane Tech Event
Google has emerged as the education leader in the USA market, thanks largely to laptop computers running on its Chrome software. Apple's previous price cutting, along with software changes, have been followed by an improvement in iPad sales.
'Prosecute suspects in murder of French woman'
The woman, identified in French media as Mireille Knoll , was stabbed at least 11 times and her body was set on fire. After the war, Kroll returned to the French capital and married a Holocaust survivor, who died in the early 2000s.