GoTo Group
Grab-GoTo deal hits snag caused by state-backed holder’s stake
Potential regulatory opposition and differences in perceived valuation have caused delays in the discussions
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
He takes over from Patrick Walujo with immediate effect
GoTo’s rebound hinges on shareholder vote as Grab merger eyed
The company’s stock has risen about 20% in Jakarta so far this quarter
Grab-GoTo merger could be ‘colossal’ for Indonesia’s fintech hopefuls, say analysts
Merging the superapp giants could change not only the face of South-east Asia’s ride-hailing market, but also its digital lending space
M&A always on the radar as bigger players ‘tend to win’: Grab COO Alex Hungate
He stresses that greater scale is crucial to making money in the competitive, low-margin ride-hailing market
No Grab-GoTo merger notification yet, says Singapore competition watchdog
[SINGAPORE] The competition watchdog here has not received any notification from ride-hailing firms Grab or GoTo on any proposed merger, but said it remains open to engaging with the parties.
Indonesia government backs planned merger of Grab and GoTo: sources
Danantara is in talks to take a “golden share” in the combined entity, the sources say
GoTo shares jump to three-month high on report Danantara to be involved in Grab merger
The possibility of a failure or delay in the merger remains significant
Indonesia discussing plan for merger of Grab and GoTo: official
A combined entity would hold a market share of over 91 per cent in Indonesia.
Indonesia’s GoTo raises earnings guidance as financial services keep powering its growth
Its GoPay e-wallet is driving expansion, with more than 500 million transactions in September alone
