Southeast Asia's largest ride-hailing firms, Grab Holdings and GoTo Group, have resumed merger talks, with GoTo becoming more open to a deal under new CEO Patrick Walujo.

Grab Holdings and GoTo, the largest ride-hailing companies in Southeast Asia, have resumed discussions about a possible merger to address their ongoing losses due to competition. The companies are currently in preliminary talks about various scenarios, including a potential acquisition of GoTo by Grab using cash, stock, or a combination of both. A full merger or deal is not guaranteed, and other options, such as splitting up their main markets, have also been considered. A merger could help the combined entity become stronger in higher-margin services such as digital payments and banking.

February 09, 2024
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