No deal: Grab takeover of Trans-cab off after both firms withdraw application to Singapore's competition watchdog
SINGAPORE: A deal for ride-hailing platform Grab to take over taxi operator Trans-cab will no longer go ahead, said Singapore's competition watchdog on Thursday (Jul 25).
The Competition and Consumer Commission of Singapore (CCCS) said it was notified by Grab and Trans-cab on Monday that the two parties would not be proceeding with the proposed acquisition.
……Read full article on Channel NewsAsia - Commentary
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