Fri, Mar 30, 2018
Under the deal, Uber will take a 27.5 percent stake in Grab, which is valued at around $6 billion, and Uber CEO Dara Khosrowshahi will join the Singapore-based company`s board. CCS proposals, effective immediately, also require both Grab and Uber not to obtain from each other any confidential information including pricing, customers and drivers.
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