Grab—Singapore fined Grab $6.4 million for anti-competitive Uber merger that raised prices 10-15% and gave Grab 80% market share
In September 2018, Singapore's Competition Commission fined Grab SG$6.4 million (US$4.7 million) and Uber SG$6.6 million (US$4.8 million) for anti-competitive merger. Following the March 2018 acquisition of Uber's Southeast Asia operations, Grab raised prices by 10-15% while its Singapore market share grew to 80%. CCCS Chief Executive Toh Han Li stated 'Mergers that substantially lessen competition are prohibited and CCCS has taken action against the Grab-Uber merger because it removed Grab's closest rival, to the detriment of Singapore drivers and riders.' The merger eliminated the only significant competitor in Singapore's ride-hailing market.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Antitrust & Competition | -against | primary | -1.00 |
| Consumer Protection | -against | secondary | -0.50 |
| Overall incident score = | -0.141 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.50)× agency (compelled ×0.25)