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Asian ride-hailing giant Grab plans US market splash news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Ride-hailing firm Grab agrees to $40bn merger with 'blank cheque' company thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
SHARE South-East Asia s 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 Grab s agreement with a special purpose acquisition company backed by Altimeter Capital includes a more than $4bn private investment in public equity by investors including BlackRock, Fidelity International, Janus Henderson Investors and Temasek Holdings. ....
Asian ride-hailing giant Grab plans U.S. market splash japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.