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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.

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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