Singapore fails to show its teeth over Grab merger

A modest fine clears the way for the ride-hailing startup to dominate. But has the Lion City's tame decision left a block on the road for other start-ups?

Singapore fails to show its teeth over Grab merger

Singapore's Competition and Consumer Commission has slapped the city-state's most notable start-up, Grab, with a fine for its takeover of Uber's Southeast Asia operation.

But, at just S$13 million $9.5 million, the penalty can hardly dent Grab's latest valuation of $11 billion and represent less than 1% of the $1 billion the company raised in its last fundraising in August. The regulator ruled out blocking the transaction, instead taking measures to reduce...

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