Grab Holdings Ltd. is weighing a takeover of rival GoTo Group at a valuation of more than $7 billion, accelerating talks for ...
Singapore's Grab and Sea Group, as well as Indonesia's own GoTo and Bukalapak, are all vying for market share in Indonesia's burgeoning digibanking market. Data from Redseer suggests that ...
Regulatory hurdles, including competition laws in Singapore and Indonesia, may complicate the deal. Read more at straitstimes ...
GoTo shares, listed in Jakarta, ended 7.4 per cent higher on reports of the talks, while Grab was last up 8.8 per cent in premarket trading. Combined, the companies are worth nearly US$25 billion.
Under a potential deal being discussed, Grab may offer all-stock, valuing Indonesia's GoTo at more than 100 rupiah each, according to a Bloomberg report on Tuesday, which cited people familiar ...
Grab Holdings Ltd. (NASDAQ: GRAB) and GoTo resume merger talks, aiming for completion by 2025. The merger could strengthen both companies' position against competitors like Uber (NYSE: UBER) in ...
GoTo has denied news reports that the Indonesian ride-hailing and e-commerce giant is again discussing a potential merger with Singapore-based rival Grab Holdings, a move that could pose significant ...
This collaboration could also enable Grab to collect valuable road and traffic data from the vehicles, potentially enhancing its mapping services. The partnership spans Indonesia, Malaysia, ...
Together covering Indonesia, Malaysia ... behaviors and maximize safety and efficiency, the firm said. Grab also said that the data-sharing features of the cars would increase passenger predicted ...