Grab-GoTo merger would be an all-round win

ought to merge. A union of the Singaporean and Indonesian food delivery-to-ride-hailing companies, currently valued at $18 billion, is "inevitable", Macquarie's sales team told its clients in a note published in February. GoTo says it's not infirms have taken a beating. After achieving a $40 billion valuation in a 2021 deal with a U.S. special-purpose acquisition company, Nasdaq-listed Grab is worth $13 billion.

Grab would claim the driving seat in any deal. It's larger and operates in eight markets, whereas GoTo is Indonesia-focussed anda majority stake in its e-commerce division to TikTok this year. Plus, Grab has net cash of $5.2 billion, the same as GoTo's market value. A structure that allows GoTo to retain its local brand while sharing a ride with Grab in its regional growth might ensure a smooth, and highly profitable, journey.Indonesia's GoTo told the local exchange on Feb. 13 that it was not having any merger discussion with Singapore-based Grab.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singaporean Company Takes Steps to Limit Liability in Key Bridge CollisionThe Singaporean company that owns the cargo ship involved in the Francis Scott Key Bridge collision has taken steps to limit its liability. The ship, named Dali, struck one of the bridge's support columns, causing it to collapse. Six people are presumed dead, and efforts are underway to recover the bodies of the remaining victims. The company has filed a preemptive motion in the U.S. District Court in Baltimore, possibly in anticipation of legal action.
Source: CBSNews - 🏆 87. / 68 Read more »