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The rules still apply if both companies are foreign and the deal is happening overseas. The competition regulator in all the territories the companies operate need to give their approval. Take the Disney Fox deal as an example. The Brazilian regulator required that Disney divest it’s sports offerings in Brazil alone because otherwise the combined company would hold all the football rights.

If you’re wondering why the competition regulator in your country didn’t stop this particular deal there are a few possibilities.

1. They’re funded so poorly they don’t have the resources to investigate the impact.

2. They did investigate but Uber gave enforceable assurances that consumers wouldn’t be impacted.

3. Uber bribed the regulator. Not saying Uber engages in such behaviour on the reg, but it’s possible.