SINGAPORE -- Grab faces a $2 billion payout to Uber Technologies if the Singaporean ride hailer does not go public by March 2023.
Startups
Grab faces $2bn payout to Uber if no IPO by 2023
US ride-hailer has redemption right according to prospectus
Grab and Uber competed heavily in Southeast Asia until March 2018 when Grab acquired Uber's regional business. © Reuters
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