Reported about 8 hours ago
Grab Holdings Ltd. and GoTo Group are accelerating merger discussions, eyeing a deal in 2025 amidst a competitive Southeast Asian internet market. These two major ride-hailing companies, striving for profitability after years of losses, have faced hurdles in past negotiations, including market dominance issues and regulatory concerns. Recent reports suggest that the firms are actively seeking consolidation to cut costs and improve their competitive standings, despite the uncertain outcome of current talks.
Source: YAHOO