FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo
Uber Technologies is preparing to sell its South-East Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.
No deal has been reached yet and the timing of any deal is uncertain, the report said.
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