The Business Times
business-time-50
BT EXCLUSIVE

Merger talks between Grab and Gojek off the table

google-preferred-sourceAdd BT as a preferred source
Claudia Chong

Claudia Chong

Published Thu, Jan 28, 2021 · 09:50 PM

    Jakarta/Singapore

    AFTER lengthy negotiations, the proposed merger between two of South-east Asia's decacorns is said to be off the table, sources in Jakarta told The Business Times.

    Indonesia-based Gojek and Singapore-based Grab, the region's two largest ride-hailing firms, have ended their attempt to merge.

    GrabGojekM&A

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

    Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

    Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

    Sats slides 13.6% as investors dump shares on profit-margin squeeze

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More