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Published 3 months ago

Grab, GoTo Are Said to Revive Talks for Ride-Hailing Mega Merger

Summary by Bloomberg

Southeast Asia’s biggest ride-hailing companies, Grab Holdings Ltd. and GoTo Group, have restarted talks for a merger, a potential blockbuster combination aimed at staunching years of losses at both companies resulting from tough competition between the two.

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Grab, GoTo Are Said to Revive Talks for Ride-Hailing Mega Merger

Southeast Asia’s biggest ride-hailing companies, Grab Holdings Ltd. and GoTo Group, have restarted talks for a merger, a potential blockbuster combination aimed at staunching years of losses at both companies resulting from tough competition between the two.

3 months ago·United States

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Sources: Singapore-based Grab and Jakarta-based GoTo revive talks for a ride-hailing merger in Southeast Asia; GoTo says “no such discussion is taking place”

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The Edge Singapore

Grab, GoTo are said to revive talks for ride-hailing mega merger

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