Ride-hailing firm GoTo denies discussions of merger with Grab
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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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