Bloomberg news reported that Grab and GoTo, ride-hailing platform providers, have reopened negotiations for a potential merger. The discussions are still in the preliminary stages, aiming to assess the feasibility of different integration formats.
According to the report, the proposed strategies include Grab acquiring GoTo through cash or stock payment, merging both companies, or reaching an agreement to operate separate brands in each country market.
Earlier, GoTo closed a deal allowing TikTok to become a major shareholder in its subsidiary, Tokopedia, to launch the TikTok Shop e-commerce platform. As a result, GoTo’s primary ownership consists of GoTo Financial, a financial services provider, and Gojek, a ride-hailing and food delivery service.
GoTo representatives clarified that no such negotiations have taken place, while Grab declined to comment on the matter.
TLDR: Grab and GoTo have indeed resumed talks for a potential merger, considering various integration possibilities. Although rumors have surfaced, concrete agreements or statements from both parties are yet to be confirmed.
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