Used Grab and Uber helmets are seen at used-helmet shop in Jakarta, Indonesia, April 2, 2018. REUTERS/Beawiharta
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Philippines and Malaysia said Monday they will look into whether Uber Technologies' move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into the deal on similar concerns.It said the deal will put Grab in a virtual monopoly in the ride-sharing market, and its review will determine whether the transaction substantially reduces competition, adding it is meeting representatives of Grab and Uber on Monday.In Indonesia, the anti-monopoly agency said it can't say yet whether they will investigate the deal, as there are 30 days after the deal is finalized to assess it.Uber and Grab announced the deal a week ago, marking the U.S. company's second retreat from an Asian market.
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