Indonesia’s GoTo Denies Ride-Hailing Company In Merger Talks With Rival Grab [Forbes]
Grab Holdings Limited (GRAB)
Company Research
Source: Forbes
GoTo has denied news reports that the Indonesian ride-hailing and e-commerce giant is again discussing a potential merger with Singapore-based rival Grab Holdings , a move that could pose significant regulatory hurdles. “There is no agreement between the company and any party to enter into a merger transaction of the type that had been reported in the mass media,” GoTo said in a statement to the Indonesia Stock Exchange. “The company notes that similar reports have circulated occasionally in the past several years and are based on speculation.” Shares of GoTo retreated in Jakarta trading, sliding 3.4% after surging 7.4% on Tuesday. Nasdaq-listed Grab jumped 12.6% overnight in New York after Bloomberg reported that Grab is weighing a takeover of GoTo at a valuation of more than $7 billion. While a merger would help the two loss-making companies become profitable faster, analysts say it would be challenging for the proposed merger to get regulatory approval. “This merger will c
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GRAB
News
- Indonesia's Digital Bank Frenzy: Super Bank Skyrockets 24% in One of Year's Hottest IPOs [Yahoo! Finance]Yahoo! Finance
- How the Narrative Around Grab Has Shifted After Its Latest Earnings and Merger Buzz [Yahoo! Finance]Yahoo! Finance
- Benchmark Keeps Buy on GRAB, Highlights Attractive Entry Point [Yahoo! Finance]Yahoo! Finance
- Savvy Bets Return Media Mogul To Ranks Of Indonesia's Richest [Forbes]Forbes
- Did Grab's Boardroom Refresh and Legal Focus Just Shift Grab Holdings' (GRAB) Investment Narrative? [Yahoo! Finance]Yahoo! Finance
GRAB
Sec Filings
- 12/15/25 - Form 144
- 12/3/25 - Form 144
- 12/1/25 - Form 6-K
- GRAB's page on the SEC website