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Shares of ride-hailing, food delivery and digital payment services provider Grab Holdings Ltd. (NASDAQ:GRAB) are trading higher on Tuesday.
According to a Bloomberg report, Grab and the Indonesian technology company GoTo have resumed discussions about a potential merger, which they aim to complete by 2025.
These talks have continued for some time, with an executive emphasizing that the merger must occur by 2025, or it won’t happen at all, according to a report by DealStreetAsia.
Grab, which trades on the Nasdaq, and Indonesia-based GoTo are major players in Southeast Asia’s tech sector, especially in ride-hailing and food delivery.
The proposed merger is anticipated to strengthen …
Full story available on Benzinga.com
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