Competition and Consumer Commission of Singapore fines Uber & Grab a combined total of $9.5 million

Following an investigation Singapore’s antitrust watchdog concluded that Grab’s purchase of Uber’s Southeast Asian business has harmed consumers in Singapore. It has suggested remedial measures. Following Uber Technologies Inc’s sale of its Southeast Asian business to its regional rival Grab in March 2018, Singapore’s anti-trust watchdog has levied a combined fine of $9.5 million on…