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grab: Grab to buy Singapore's third-largest taxi company Trans-Cab - Vimarsana News

grab: Grab to buy Singapore's third-largest taxi company Trans-Cab

The acquisition would include a combined taxi and private-hire-vehicle fleet of more than 2,500 vehicles owned by Trans-Cab, they said.

Grab to acquire 100% of Singapore taxi company Trans-cab - Vimarsana News

Grab to acquire 100% of Singapore taxi company Trans-cab

What will be acquired? And why is Grab and Trans-cab agreeing to this transaction?

Source: yahoo.com