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Philippine antitrust watchdog approves Grab-Uber merger

Conditions set to address 'virtual monopoly' in country's ride-hailing market

The Philippine Competition Commission accepted Grab's commitments to "competitive restraint" as part of its approval of the company's takeover of Uber's Southeast Asia business.
MIKHAIL FLORES, Nikkei staff writer

MANILA -- The Philippines' antitrust regulator on Friday approved Grab's takeover of Uber's Southeast Asian business, but imposed antimonopoly measures against the ride-hailing service provider.

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