March 26, 2018 / 2:24 AM / 4 months ago

BRIEF-Uber sells Southeast Asia business to rival Grab

March 25 (Reuters) - Uber Technologies Inc:

* UBER SELLS SOUTHEAST ASIA BUSINESS TO COMPETITOR GRAB IN EXCHANGE FOR 27.5 PERCENT STAKE IN GRAB - UBER

* UBER MAKES SECOND RETREAT FROM ASIA AFTER INVESTING $700 MILLION IN SOUTHEAST ASIA BUSINESS - UBER

* UBER CEO DARA KHOSROWSHAHI TO JOIN GRAB BOARD OF DIRECTORS - UBER Further company coverage: (Reporting by Heather Somerville)

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