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Ride-hailing firm GoTo denies discussions of merger with Grab

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Published Tue, Feb 13, 2024 · 06:33 PM
    • Media reports previously said both the companies were in preliminary discussions related to a variety of scenarios about a potential deal.
    • Media reports previously said both the companies were in preliminary discussions related to a variety of scenarios about a potential deal. PHOTO: REUTERS

    INDONESIA’S GoTo, one of South-east Asia’s biggest ride-hailing companies, said on Tuesday (Feb 13) that it was not in any discussion with Grab Holdings about a potential merger.

    Media reports previously said both the companies were in preliminary discussions related to a variety of scenarios about a potential deal.

    One potential option is for Singapore-based Grab to acquire GoTo using cash, stock or a combination of the two, one of the people said, adding that the Indonesian company is more open to a deal after Patrick Walujo took over as CEO last year. REUTERS

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