Grab Seeks Up to $2 Billion Loan for Potential Takeover of GoTo [Yahoo! Finance Canada]
Blackstone Inc. (BX)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The so-called bridge loan could have a tenor of about 12 months, said the people, who asked not to be identified discussing private matters. Talks with banks are in early stages and details could be subject to change, the people added. A GoTo spokesperson declined to comment, while Grab didn't respond to emails and messages requesting comment. Grab's transaction comes amid a busy time for dealmaking as valuations become more attractive and rainmakers scour for opportunities in Asia. This translates into a strong M&A financing pipeline, potentially boosting the region's loan market that is set to recover in 2025 from a three-year drop. Blackstone Inc. is tapping Citigroup Inc. to raise at least $200 million-equival
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