ComfortDelGro to take 51% stake in Uber business

Lion City Rentals' cars at the Parklane shopping mall carpark in Selegie Road. It has a fleet of about 14,000 vehicles that account for the bulk of Uber's supply of cars in Singapore.
Lion City Rentals' cars at the Parklane shopping mall carpark in Selegie Road. It has a fleet of about 14,000 vehicles that account for the bulk of Uber's supply of cars in Singapore.ST FILE PHOTO

$642m deal comes after taxi giant's likely tie-up with Uber was announced in August