2 months ago
20
Grab Holdings Ltd. is weighing a takeover of rival GoTo Group at a valuation of more than $7 billion, accelerating talks for a combination to end years of losses in Southeast Asia’s competitive internet market.
One scenario being discussed is an all-stock purchase valuing shares of Indonesia’s GoTo at more than 100 rupiah apiece, according to people familiar with the situation. That would represent a premium of about 20% over its current stock price level.
