TECH

Vietnam launches in-depth probe into Grab-Uber deal in SE Asia

FILE PHOTO: A view of Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

HANOI: Vietnam's Ministry of Industry and Trade said on May 18 it had launched an in-depth investigation into ride-hailing company Grab's takeover of Uber Technologies' South-East Asia business after an initial probe found it might breach antitrust law.

The investigation will take 180 days and could be extended by up to 120 days, the ministry said in a statement.

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