The Competition and Consumer Commission of Singapore has determined that Grab's acquisition of Uber is an infringement of competition laws.
Despite Grab's acquisition of Uber's South East Asian business, ComfortDelGro Chairman Lim Jit Poh says the deal with Lion City Rentals is not off the table.
Competition watchdog wants both firms, Grab and Uber, to maintain independent ops while it investigates their merger.
Despite Grab's acquisition of Uber's South East Asian business, it will not be allowed to monopolise the market, says regulators.
Ride-hailing firm Grab officially took over American rival Uber's South East Asian business yesterday, after weeks of speculation and rumours.
Consumer and industry watchers are concerned that Grab's acquisition of rival Uber's South East Asian business may lead to higher fares.