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
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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.
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