Singapore’s antitrust watchdog fines Grab, Uber over proposed merger
CCCS found that the merger has infringed section 54 of Singapore’s Competition Act by substantially lessening competition in ride-hailing platform market in the country
The Competition and Consumer Commission of Singapore (CCCS) has issued an ‘Infringement Decision’ against Grab and Uber in relation to Grab’s takeover of Uber’s operations in Southeast Asia earlier this year, according to a press release by CCCS on 24 September. The country’s competition watchdog has ordered the two companies to pay a combined fine of SGD13 million (around USD9.5 million). CCCS has asked Uber and Grab to pay fine of SGD6.58 million, and SGD6.42 million, respectively.
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