Singapore competition watchdog looked into potential Grab, Delivery Hero deal


FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

(Reuters) - Singapore's competition watchdog had looked into the likelihood of the now-collapsed talks between Grab Holdings and Delivery Hero raising worries about competition in the food delivery market, the regulator said on Monday.

Germany's Delivery Hero had been looking to divest its foodpanda business in some Southeast Asian markets and media reports from September had said Singapore-based Grab could be a potential buyer.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

How much water does AI actually use? Depends on whom you ask
South Korea's consumer agency to order SK Telecom to compensate 58 hacking victims
Opinion: What happens to online discussion forums when AI is the first place people turn?
A Reddit post led to a breakthrough in the Brown shooting investigation
Review: For disappointed 'Civ' fans, 'Anno 117' will scratch that strategy itch
Explainer-What is so special about TikTok's algorithm?
Robotics pioneer says the field has lost its way
Google warns staff with US visas against international travel due to embassy delays, Business Insider says
Sleep cots and graham crackers at Elon Musk’s child care program
Three tips to give your kids the best holiday present you can get – a healthier relationship with screens

Others Also Read