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Grab Considers $7 Billion All-Stock Acquisition of GoTo in Southeast Asia by 2025
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2 days ago
Grab Holdings Ltd. is considering an all-stock acquisition of its rival GoTo Group, valuing GoTo at over $7 billion. The discussions include a scenario where GoTo shares would be valued above 100 rupiah each. The potential merger aims to end years of losses in Southeast Asia's competitive internet market, where both companies are significant players in ride-hailing and other services. The talks have accelerated recently, with both companies targeting a deal in 2025 to reduce costs and competitive pressure in the region.