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International Business News: Southeast Asia's biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with US-based Altimeter Growth Corp in a deal

Biggest blank-cheque company deal ever paves the way for Grab Holdings to secure a coveted US listing.

SHARE South-East Asias biggest ride-hailing and food delivery firm, Grab Holdings, agreed to a merger on Tuesday with US-based Altimeter Growth Corporation in a deal that gives Grab an initial equity value of about $39.6 billion and will lead to a public listing. The merger, the biggest "blank cheque" company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020. Singapore-based Grabs agre...

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Singapores ride-hailing and financial services startup  Grab is set for a U.S. public listing through Altimeter Capitals SPAC  Altimeter Growth Corp (NASDAQ: AGC), in a deal valued at $35 billion by as early as this week. Indonesian ride-hailing and e-commerce platforms Gojek and PT Tokopedia set merger terms before listing in Jakarta and the U.S. as per this Bloomberg report. Billionaires Richard Li and Peter Thiel backed SPAC  B...