The Business Times

GoTo Group

ASEAN Business

GoTo nears net income as cost cuts, fintech bet gather steam

The firm’s digital wallet and lending unit sees revenue jump by 90 per cent year on year this quarter, with monthly transacting users rising to more than 20 million.
ASEAN Business

GoTo shares are tipped for rebound after US$2.2 billion sell-off

FILE PHOTO: A Grab logo is pictured at a trade Show in Singapore, March 21, 2019. REUTERS/Anshuman Daga/File Photo
Transport & Logistics

Grab-GoTo merger talks face Indonesian regulatory hurdles: sources

Exterior facade of the building housing sovereign wealth fund, known as Daya Anagata Nusantara or Danantara, in Jakarta on February 24, 2025, which was earlier launched by Indonesian President Prabowo Subianto. Indonesian President Prabowo Subianto on February 24, 2025 launched a new sovereign wealth fund set to be the biggest in Southeast Asia's largest economy and give the ex-general greater control of the country's coffers. He wants to tap into the fund's assets -- planned to be more than $900 billion -- to boost Indonesia to developed economy status, despite expert concern about its governance. (Photo by Bay ISMOYO / AFP)
ASEAN Business

Grab, GoTo deny merger discussions but speculation fuels fears over foreign control, state involvement

Danantara is said to be interested in participating in the Grab acquisition of GoTo reported Bloomberg.
ASEAN Business

Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg

Motorcycle and taxi drivers working for online ride-hailing start-ups protest to lower the commission they pay, and demand higher pay in Jakarta on May 20.
ASEAN Business

Ride-hailing drivers in Indonesia hold protests to demand better pay

GoTo will be selling off its international unit in Singapore to Grab.
Transport & Logistics

Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources

Grab’s transaction comes amid a busy time for dealmaking as valuations become more attractive and rainmakers scour for opportunities in Asia.
ASEAN Business

Grab seeks up to US$2 billion loan for potential takeover of GoTo

The merger talks between Grab, which is backed by Uber, and GoTo have been on-and-off but have not resulted in a deal, primarily due to competition concerns over the two major players in South-east Asia merging.
Companies & Markets

GoTo reiterates no deal in place with any party as it addresses Grab buyout rumours

Grab has held on-and-off talks with GoTo, but a merger never materialised, partly because of antitrust concerns likely to arise from combining two dominant South-east Asian tech companies.
ASEAN Business

Grab is said to move forward with talks to acquire rival GoTo

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