Market Chatter: Grab Moving Ahead With Plans to Acquire GoTo

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Market Chatter: Grab Moving Ahead With Plans to Acquire GoTo

, MT Newswires - 8:10 AM ET 3/18/2025 mergers-and-acquisitions

08:10 AM EDT, 03/18/2025 (MT Newswires) -- Grab Holdings ( GRAB ) is advancing its plans to acquire Indonesia's GoTo Group, Bloomberg reported Tuesday, citing sources familiar with the matter.

Grab has been valuing GoTo's contracts and operations, while the two companies and their shareholders have been assessing the possible structure and value of a deal, the sources told the news outlet.

Grab is weighing a valuation of more than $7 billion for GoTo, according to an earlier Bloomberg report.

Grab and GoTo did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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