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Pricey reader,
The Competitors and Shopper Fee of Singapore (CCCS) has initiated a section two overview of Seize’s proposed acquisition of Trans-cab, signalling a deepening scrutiny into potential antitrust points.
The transfer comes after the regulator rejected Seize’s preliminary commitments to handle competitors considerations raised through the section one overview. The CCCS highlighted that the proposed actions didn’t sufficiently tackle the danger of Seize leveraging its possession of Trans-cab to affect driver behaviour in favour of its ride-hailing platform over opponents. The watchdog expressed dissatisfaction with the proposed two-year dedication period, deeming it inadequate for addressing long-term market construction adjustments.
Moreover, CCCS discovered Seize’s self-policing monitoring mechanism missing. The in-depth overview, which commenced on January 25, permits Seize to submit revised commitments. The acquisition, introduced in July 2023, would supply Seize management over 2,200 taxis and 300 private-hire automobiles. CCCS had raised competitors considerations in October, citing potential limitations for Seize’s opponents.
This intensified regulatory scrutiny echoes previous antitrust challenges surrounding Seize’s acquisition of Uber’s Southeast Asian enterprise in 2018, reinforcing the regulator’s dedication to honest market competitors.
Editor,
Sainul.
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The submit Ecosystem Roundup: Seize-Trans-cab deal is beneath additional scrutiny; GoTo-TikTok Store Indonesia merger full appeared first on e27.
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