SINGAPORE, May 7 — US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources...
Singapore-based Grab is said to be looking to buy GoTo’s businesses at around US$7 billion . — Reuters picSINGAPORE, May 7 — US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said.
GoTo will be selling off its international unit in Singapore to Grab, two separate sources familiar with the matter said. In Indonesia, GoTo will sell its entire operations except its finance arm to Grab, one of the two sources added. A merger between Grab and GoTo would create a giant in the ride-hailing industry in South-east Asia dominating around 85 per cent of the US$8 billion market, according to data analytics company, Euromonitor International.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Red Velvet Subunit Irene & Seulgi To Bring Asia Tour To Malaysia & Singapore!Latest News, Trends and Entertainment
Read more »
Singapore shares set for an eight-day rally; Asia FX mutedSIM farm devices capable of holding multiple SIM cards enabling scammers to send thousands of scam text messages at once are to be banned under UK government plans to crack down on fraud.
Read more »
RIIZE Announces “RIIZING LOUD” Asia Tour Dates; Malaysia & Singapore IncludedLatest News, Trends and Entertainment
Read more »
Singapore dollar surges to 1.29 to US dollar amid Asia currency rallyThis is the second time the 43-year-old has passed out from work-related fatigue, with the first incident occurring in July 2023.
Read more »
Singapore's River Valley fire: Fire safety breaches found in shophouse, says Singapore Civil Defence ForceSAN FRANCISCO (Reuters) -Silicon Valley startup Lightmatter revealed on Wednesday it had developed a new type of computer chip that could both speed up artificial intelligence work and use less electricity in the process.
Read more »
Hong Kong Tech Companies Set Sights on Southeast Asia and Beyond at GITEX Asia 2025HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - The Hong Kong Science and Technology Parks Corporation (HKSTP) will lead a delegation of 15 ...
Read more »