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Business deals

Grab-Uber deal puts antitrust regulators in uncharted waters

Southeast Asian authorities review proposed tie-up of ride-hailing groups

A passenger rides an Uber bike next to Grab drivers in Jakarta. (Photo by Shinya Sawai)

SINGAPORE -- Southeast Asian authorities are reviewing a proposed merger by Singapore-based ride-hailing company Grab and Uber Technologies on concerns that the deal would create an anti-competitive, region-wide monopoly.

Grab and Uber Technologies on March 26 announced they would merge their Southeast Asia businesses by April 8, giving authorities just two weeks to mull over the deal.

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