Bloomberg News reported that Grab Holdings was weighing a takeover of its Indonesian rival, GoTo Group, at a valuation exceeding $7 billion. Sources indicated that discussions between the two tech giants had intensified in recent weeks, with 2025 seen as an opportune time for a potential deal.
The proposed merger would aim to create a dominant ride-hailing and food delivery company in Southeast Asia. Such a consolidation could significantly alter the competitive landscape in the region's rapidly expanding digital economy.
However, GoTo subsequently issued a statement denying the reports, asserting that it was not in any agreement with any parties about a potential merger transaction. GoTo also stated it had no material corporate action plans for the next 12 months, casting uncertainty over the reported discussions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.