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Grab begins due diligence in GoTo merger talks
Grab Holdings Ltd. has started due diligence on the Indonesian tech company GoTo Group.
The Singapore-based ride-hailing and delivery firm is reviewing GoTo’s financial accounts, contracts, and operations.
Discussions between Grab, GoTo, and their shareholders are ongoing. Potential deal structures and valuations are being considered.
However, sources emphasize that these talks are preliminary and may not lead to a finalized agreement. Representatives from both companies declined to comment.
Recent Grab developments
| Timeline |
|---|
| 14-Mar-2025 🤖 Grab CEO warns AI crucial for growth, non-users risk lagging Grab CEO Anthony Tan emphasizes AI adoption to enhance services and warns against falling behind in the tech landscape. |
| 10-Mar-2025 🛵 Grab, Gojek CEOs agree to give Eid holiday bonuses to drivers President Prabowo announces holiday bonuses for online drivers ahead of Eid, with specifics to be issued by the Ministry of Manpower. |
| 10-Mar-2025 🚗 Grab partners with autonomous tech firms for AV expansion Grab partners with four firms to explore autonomous vehicle integration in Southeast Asia, enhancing safety and traffic management. |
| 07-Mar-2025 🚀 Grab exec departs to lead digital property firm Russell Cohen departs Grab after eight years to become CEO of Pexa, reflecting on the company’s growth and support received. |
| 04-Mar-2025 🛒 Grab acquires another Malaysian supermarket chain Grab Holdings acquires Eastern Grocer to boost its grocery retail presence and drive digital shopping in East Malaysia. |
| 03-Mar-2025 🌐 Grab Malaysia expands investment in Sarawak Grab Malaysia partners with SDEC to enhance digital transformation, boost tourism, and support local businesses in Sarawak. |
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