How ride will Grab-Gojek merger be?
Grab is worth about US$4 billion more, but Gojek is strong in the key Asean market of Indonesia; both are under pressure to turn a profit and list
Add BT as a preferred source
Claudia Chong &
Sharanya Pillai
Singapore
THE ride-hailing sector is abuzz with merger talks between Grab and Gojek. Will it be a merger or a takeover? Who's the acquirer and who's the target?
At first blush, Grab may seem to be the dominant force over its Indonesian rival Gojek, with the former reportedly valued at US$14 billion - about US$4 billion more than the latter - and having just raised another US$850 million in fresh firepower to expand into financial services.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
