UPDATE 1-Singapore`s ComfortDelGro buying majority stake in Uber unit for $218 mln
(WorldNews Indonesia)

Singapore`s ComfortDelGro Corp said on Friday it is buying a 51 percent stake in private hire vehicle fleet owner Lion City Holdings from Uber Technologies` unit Mieten B.V. for S$295 million in cash, in a bid to tackle local rival Grab. The island-state`s biggest taxi operator said in a statement that the deal would create the opportunity for its drivers to receive ride requests on the Uber driver application, while letting users of the Uber application book a ComfortDelGro taxi directly. ......