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According to reports, Singapore's Grab is seeking to complete the acquisition of Indonesia's GoTo in this quarter, with a price that may reach 7 billion dollars.
According to informed sources, Grab, a ride-hailing and food delivery company from Singapore listed in the USA, is seeking to reach an agreement in the second quarter to acquire the smaller Indonesian competitor GoTo. Two sources added that Grab has hired advisors to handle the proposed transaction. One of the sources mentioned that the deal depends on terms such as financing, and Grab is discussing financing matters with Banks. In a filing submitted to the Exchange on Thursday (May 8), GoTo stated that it has not made any decisions regarding any proposals it may know or have received. According to another informed source, this deal is dependent on...
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