Editor's take: The week that was — Feb 5-10
This edition features a recap of PE-VC and startup headlines from SE Asia, China, and India in the week gone by.
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This edition features a recap of PE-VC and startup headlines from SE Asia, China, and India in the week gone by.
(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
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.
Major shareholders of both companies support a deal and have been driving the talks, say sources. Read more at straitstimes.com.
Grab and GoTo Group have restarted talks for a merger to stop losses in the face of growing competition, Bloomberg reported.