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Editor’s take: The week that was April 12-17 April 18, 2021 There are SPAC mergers, and then there are mega SPAC mergers, as the Southeast Asian ride-hailing decacorn and super app Grab Holdings showed this week. On Tuesday, Grab announced that it has inked a deal to list on the Nasdaq via a merger with the blank cheque company Altimeter Growth Corp., valuing it at $39.6 billion and setting a new milestone for the global SPAC boom. The deal also means it’s a long-awaited payday for shareholders including SoftBank, which will hold an 18.6% stake, valued at $7.4 billion upon de-SPAC. Uber, which had struck a deal with Grab in 2018 for a 27.5% stake in exchange for exiting Southeast Asia, is likely to walk away with a 14.3% stake valued at $5.7 billion.