The cease-fire marks a victory for Grab as well as SoftBank, the biggest shareholder in both companies.
Grab co-founder and CEO Anthony Tan was quoted as saying the truce would bring to an end the leadership battle in a Southeast Asian ride-hailing market expected to reach US$20.1 billion by 2025.
Off-late Uber has been linked to various controversies that led the then-40-year-old CEO Travis Kalanick quit the company. The move will see Uber's ridesharing and food delivery business be integrated into Grab's existing platform.
Grab also plans to enhance other services in southeast Asia including its marketplace for shared bicycles GrabCycle, service for on-demand bus routes called GrabShuttle, and its mobile wallet GrabPay.
Grab also said all Uber driver account information, including past history and ratings, will be transferred to Grab.
With the Uber purchase, Grab will look to expand its GrabFood food delivery business with the integration of UberEats, making the service available across "all major Southeast Asian countries" within the coming months, starting with Singapore and Malaysia. Uber has close to 60 percent of the market there, by some estimates.
Uber's Khosrowshahi said the deal is a testament to Uber's "exceptional growth" across the region over the last five years.
"The Uber app will continue to operate for two weeks to ensure stability for Uber drivers, who can find out how to sign-up to drive with Grab online".
Grab is working to consolidate Uber's ride-hailing service into its own app.
The acquisition will boost Grab's competition against Go-Jek which is waxing strong in its local market, Indonesia and valued at $5 billion after Google's investment in the company earlier this year.
"One of the potential dangers of our global strategy is that we take on too many battles across too many fronts and with too many competitors", he added.
Florida State: The loss ended a remarkable March for Hamilton's Seminoles, who hit their stride at the ideal time. Loyola-Chicago is the real deal on both offense and defense and they should be able to keep this one very close.
Kevin was on the racetrack's board until past year when he stepped away to spend more time with his family, Baldwin said. Louis to arrive on Thursday in case the Sharps had just planned to stay an extra day, Weland told ABC News .
State news agency MENA quoted al-Nemr as saying that two people, a policeman and a driver, were killed in the blast. Attacks in recent years were claimed by Islamic State in a targeted campaign against security forces and civilians.
Driverless cars are fitted with sensors that can "see" everything around them, including traffic, road signs, and pedestrians. According to police, the vehicle, which also had a human pilot in the front, wasn't speeding, but didn't brake much.
Former Catalan President Carles Puigdemont has been detained in Germany , the Reuters news agency reported, citing his lawyer . Puigdemont was detained Sunday morning in Germany on an worldwide warrant near the highway leading from Denmark to Germany .
They pretended to be professors at other schools expressing interest in their academic articles, the indictment stated. With a motive of stealing expensive research, these nine accused tried to hack into 320 universities in the US.
That is when the Shia militia that is in line with Iran took over Sanaa, Yemen's capital city, and forced the president there out. This was the third time in five months that Houthis have attacked Saudi Arabia and flown missiles over Riyadh .
Lawmakers on Capitol Hill are backing President Trump's decision to impose tariffs on China as Beijing threatens to retaliate. Trump's technology order is in response to "unfair and harmful acquisition of U.S. technology", said a statement by the U.S.
The government's crushing offensive killed almost 1,500 people and wounded more than 5,000, according to opposition activists. Office for the Coordination of Humanitarian Affairs (OCHA), during a news conference in Geneva.
Ousted in Austin: DJ, Rahm, Spieth, Hideki, Rory, Day
McIlroy's comeback stalled when he missed a birdie putt from the fringe at the 17th, and Peter Uihlein won, 2 and 1. Casey only needed to halve his match against Matt Fitzpatrick to win his group for the third time in four years.
First nonstop Australia to London flight touches down
This will eventually include non-stop flights from Australia's eastern seaboard to Europe in an effort dubbed "Project Sunrise". History has been made following the departure of Qantas' first Perth to London flight on Saturday night.
Rahul Gandhi to tour Vokkaliga heartland
Anderson wrote in a separate tweet that the domain where app data was being sent is classified as a phishing link by G-Data. Prime Minister Narendra Modi often uses the NaMo app to connect to the public and get their feedback on various issues.
Islamabad United wins Pakistan Super League
However, the PCB continued in its efforts to convince foreign nations to begin touring Pakistan. -AP Cricket fans display their tickets as they stand in a queue to enter the stadium.
Saudi Arabia's crown prince meets Trump
A key focus of his visit will be any information on a potentially lucrative listing of up to 5 percent of Saudi oil firm Aramco . He's showing reporters a sign that lists Saudi purchases and another of pending sales of military equipment to the kingdom.
A Big Theme From Chicago's March For Our Lives: Change
Relatives of the victims of a deadly 1996 school shooting in Scotland were among the hundreds protesting Saturday outside the U.S. She said government has "extremely failed" to protect students from gun violence and she wants restrictions on automatic weapons.
It's good that the Trump White House is so leaky
It is ironic that the very existence of this unconstitutional tool meant to plug White House leaks was exposed by the press. The Washington Post reported Sunday that Trump required his staff to sign the agreements, which extend past his presidency.