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Why SoftBank Is Looking to Merge Uber and Ola

Sean Allen
Why SoftBank Is Looking to Merge Uber and Ola

After winding up its Chinese (MCHI) and Russian businesses, Uber said it will sell its operations in the Southeast Asia region to Grab in return for a 27.5% stake in the company. Uber has been doing this in order to avoid ugly price wars, which in turn could rein in its expenses before it goes public next year.