According to a relevant news source cited by Bloomberg, Grab is currently negotiating with financial institutions to secure a high-value short-term funding of up to $2 billion for the acquisition of GoTo’s business. Reports indicate that both companies have returned to the negotiating table.
Both Grab and GoTo have declined to comment on this news report. The deal to merge these businesses could be valued at around $7 billion, with Grab considering various options including cash, equity, and stock exchange for this deal.
Source: Bloomberg
TLDR: Grab is in talks to secure a huge funding for the acquisition of GoTo’s business, with the potential deal valued at around $7 billion. Both companies have remained silent on the matter.
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