Grab & GOTO ought to merge.
SINGAPORE, April 11 (Reuters Breakingviews) -Grab, opens new tab and GoTo (GOTO.JK), opens new tab 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 in talks about a deal but it's easier than ever to see the logic of such a Southeast Asian combination.
Shares of both SoftBank Group-backed (9984.T), opens new tab firms 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. GoTo's shares in Jakarta are 80% below their IPO price in 2022.
Shares of both SoftBank Group-backed (9984.T), opens new tab firms 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. GoTo's shares in Jakarta are 80% below their IPO price in 2022.
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GameOverBro : lol keep merging but profits so little also no use man
耐心等待2024 : Grab will launch later than Didi and will inevitably return value
LefterisOP : do you know gojek Founder Nadiem and Grab founder Anthony were college mate when they study at Harvard. the probability of merging is very low as i recalled in one interview with Nadiem, he berated Anthony of copying Uber and Gojek. it is interesting how the two can work together