Grab and GoTo accelerate merger talks to cut costs and boost profitability in a competitive Southeast Asian market.

Southeast Asian ride-hailing and food delivery companies Grab and GoTo are reportedly accelerating merger talks with the goal of finalizing a deal by the end of 2025. This potential merger aims to cut costs and reduce competitive pressure in a market with over 650 million consumers. Both companies have faced financial challenges and have made progress toward profitability since their stock market debuts, but intense competition has kept margins thin. The talks are ongoing, and a final agreement is not yet secured.

2 months ago
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