Vietnam: Grab-Uber deal to be probed again

Vietnam: Grab-Uber deal to be probed again

Vietnamese authorities plan to conduct further investigations into the merger of Grab and Uber last year over possible antitrust regulations violations, announced the Ministry of Industry and Trade on Wednesday, February 13. The Competition Council announced that after examining documents and working sessions with relevant parties, it had discovered a number of new details related […]

Germany: New app designed to take on Uber and Lyft rolls out

Germany:  New app designed to take on Uber and Lyft rolls out

HERE Technologies, the automotive mapping company controlled by three German carmakers, is giving ride-pooling a new twist with an app that makes it easier for friends to share a trip to work, games or concerts, reported The Financial Times. “The current trend in the mobility-as-a-service market has turned out to be very consolidated, concentrated — […]

Vietnam: Grab’s Uber takeover violated competition law

Vietnam: Grab’s Uber takeover violated competition law

The Vietnamese Trade and Industry Ministry announced its investigation has found evidence that Grab’s acquisition of competitor Uber violated Vietnam’s Competition Law. The investigation, carried out by the Ministry’s Competition and Consumer Protection Department, found that the two ride-hailing firms had failed to report their merger to competition authorities as needed. They merger they carried […]

US: Defunct startup Sidecar sues Uber: “hell-bent on stifling competition”

US: Defunct startup Sidecar sues Uber: “hell-bent on stifling competition”

    Defunct startup Sidecar Technologies, which pioneered on-demand ride-hailing, is suing Uber, alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business. The lawsuit, filed in US district court in San Francisco on Tuesday, December 11, claims “Uber became hell-bent on stifling competition from competing ride-hailing apps,” and […]

US: Uber eyes 2019 IPO

US: Uber eyes 2019 IPO

Uber is moving ahead with its initial public offering (IPO), filing paperwork with the Securities and Exchange Commission (SEC) in the US last week. The Financial Times, citing people familiar with the matter, reported Uber is joining Lyft, its ride-hailing rival, in filing the paperwork with the SEC, setting the stage for the two to […]

US: Lyft beats Uber in filing for IPO

US: Lyft beats Uber in filing for IPO

Ride-hailing company Lyft beat bigger rival Uber Technologies in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies, reported the Wall Street Journal. The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range […]

India: Price fixing allegations against Ola, Uber Rejected by regulator

India: Price fixing allegations against Ola, Uber Rejected by regulator

The Competition Commission of India (CCI) on Tuesday, November 6, rejected allegations of price fixing against app-based taxi service providers Ola and Uber, stating that drivers acceding to “algorithmically determined prices” by the platforms does not amount to collusion between them. In a 13-page order, the CCI also dismissed complaints that Ola and Uber are […]

Philippines: Grab to contest PCC fine

Philippines: Grab to contest PCC fine

Grab Philippines announced on Friday, October 26, it will file a motion for reconsideration with the Philippine Competition Commission (PCC) over the 12 million pesos (US$222,586) fine the antitrust body imposed on the company over its acquisition of Uber operations here. In a statement, Miguel Aguila, Grab Philippines lead legal counsel, said, “We respectfully disagree […]

Egypt: Regulator warns Uber, Careem of merger

Egypt: Regulator warns Uber, Careem of merger

The Board of Directors of the Egyptian Competition Authority (ECA) issued several temporary measures aimed to protect the gains resulting from the existing competition between Uber and Careem as well as to prevent adverse effects which may arise from the effect of any planned agreement or contract that might influence the competition between both companies.  […]

Singapore: Uber to appeal regulator’s decision on Grab deal

Singapore: Uber to appeal regulator’s decision on Grab deal

On Monday, October 22, Uber announced it will appeal a decision by Singapore’s antitrust watchdog that its merger with Grab violated the city-state’s competition laws, reported Reuters. Last month, Competition and Consumer Commission of Singapore (CCCS) slapped a US$9.5 million combined fine on Uber and Grab, ruling that the former’s takeover of the latter’s Southeast Asia operations […]

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