Grab and Uber were slapped with fines and restrictions after the Competition and Consumer Commission of Singapore (CCCS) concluded the merger between the two resulted in higher prices. Reuters, citing the CCCS, reported the combined US$9.5 million in fines was small compared to the companies’ valuations; it, along with other measures, marks the largest actions […]
According to a report by Bloomberg, Seattle couldn’t convince the full panel of the Ninth Circuit to reconsider its bid to throw out an antitrust challenge to a city ordinance that lets ride-hail drivers join unions. The case will now proceed before Judge Robert Lasnik in the US District Court for the Western District of […]
Ride-hailing company Uber Technologies is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday. We believe the consumer internet opportunity in the region is massive and untapped,” Careem said in an emailed statement. “In the last couple of years, the rest of the world […]
Uber Technologies is facing a lawsuit that claims the ride-hailing company is misclassifying drivers in California as independent contractors in order to save money. According to a report in Bloomberg citing the lawsuit, the complaint alleges that Uber is able to avoid paying US$9.07 an hour in expenses and benefits to drivers that they would […]
Toyota is gearing up to invest US$500 million in ride-hailing company Uber as part of a deal to work on self-driving vehicles with an eye toward making them safer and lowering the cost of transportation. The Wall Street Journal, citing people familiar with the matter, reported the investment on the part of Toyota values Uber […]
The Philippines’ antitrust regulator on Friday, August 10, approved Grab’s takeover of Uber’s Southeast Asian business, but imposed antimonopoly measures against the ride-hailing service provider, reported the Wall Street Journal. The Philippine Competition Commission stated that Grab will be required to bring average rates for ride acceptance and cancellation back to levels comparable to those […]
On Friday, July 27, Grab stated that it disagreed with the Singaporean anti-monopoly watchdog’s assessment that its takeover of Uber’s operations had harmed competition and called the Commission’s suggested measure of removing exclusivity arrangements with drivers as “one-sided,” reported Straight Times. Earlier this year, Uber Technologies sold its Southeast Asian business to bigger regional rival […]
Echoing the sentiment that the merger decreased competition was Ryde which told the Competition and Consumer Commission of Singapore (CCCS) that it disagreed with Grab’s statement to the findings that CCCS’ decision was “overreaching and goes against Singapore’s pro-innovation and pro-business regulations in a free market economy”. “In truth, the merger is detrimental to innovation […]
Brazil’s competition authority has ruled that taxi drivers did not bring sham litigation and coordinate threats against Uber drivers in an attempt to drive them out of the market. In the investigation, taxi drivers were suspected of using abusive means to exclude and bar Uber’s entry into the passenger transport market, including violence and threats […]
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter. The companies have discussed several potential deal structures and under one of them, Careem’s current leaders would manage the new combined business while retaining one or both of […]