Grab close to finalising deal to buy Uber's Southeast Asia business

Grab, the dominant ride-hailing service in Southeast Asia, is close to finalizing a deal to acquire Uber Technologies Inc.’s business in the region and may sign a deal this week or next, according to people familiar with the matter.

Under terms of the proposed agreement, Grab would buy out Uber’s operations in certain markets in Southeast Asia and Uber will take a stake in Grab, the people said, asking not to be named because the talks are private. The structure would be similar to the deal Uber struck with Didi Chuxing in China in 2016, when the San Francisco-based company