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Vietnam says eyeing formal antitrust probe into Uber-Grab deal


HANOI: Vietnam's trade ministry said on Wednesday it is considering launching a formal investigation into the takeover of Uber Technologies' Southeast Asia business by rival Grab after an initial probe showed the deal would violate antitrust law.

The ministry had said last month the transaction might be blocked if Uber and Grab's combined market share in Vietnam is over 50 percent, as per the nation's law.

Corporate News , M&A

   

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