Uber Technologies Inc has reached an agreement to sell its Southeast Asian ride-hailing business to rival Grab and could announce the deal as early as today morning in Singapore, people familiar with the matter said.

The agreement – which includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region – gives Uber a stake of between 25 per cent and 30 per cen

ALSO READ:

Cost of treating drug resistant TB hits the roof