Grab Advances Talks to Acquire Rival GoTo

Reported 1 day ago

Grab Holdings Ltd. is progressing with its pursuit of acquiring GoTo Group, having initiated due diligence on the Indonesian firm. Despite ongoing discussions about the potential merger, challenges such as antitrust concerns and market dominance may hinder the deal from materializing. Grab is reportedly considering a valuation exceeding $7 billion for GoTo, with hopes for a transaction in 2025.

Source: YAHOO

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