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Grab, GoTo Are Said to Revive Talks for Ride-Hailing Mega Merger

(Bloomberg) Southeast Asia’s biggest ride-hailing companies, Grab Holdings Ltd. and GoTo Group, have restarted talks for a merger, a potential blockbuster combination aimed at staunching years of losses at both companies resulting from tough competition between the two.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaBiden’s Attempt to Address Memory Issue Backfires With New GaffeUkraine’s Army Chief Replaced After Rift With ZelenskiyNew York City Is Conside

Grab, GoTo are said to revive talks for ride-hailing mega merger

The companies, also the food-delivery leaders in the region of more than 650 million people, are in preliminary discussions about a variety of scenarios, people familiar with the matter said.

Grab, GoTo said to reignite mega merger talks: Report

Grab and GoTo Group have restarted talks for a merger to stop losses in the face of growing competition, Bloomberg reported.

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