SINGAPORE: Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said.
Last month, Singapore slapped ride-hailing firms Grab and Uber with fines and imposed restrictions on their businesses to open up the market to competitors, after concluding that their merger had driven up prices. It fined Grab S$6.42mil (US$4.7mil) and Uber S$6.58mil.
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