SINGAPORE: Grab, Uber Technologies Inc’s fiercest rival in South-East Asia, is hunting for deals with funding from its biggest backer SoftBank Group Corp.
The five-year-old startup has built a team for mergers and acquisitions led by President Ming Maa, with a pipeline of deals under review, chief executive officer Anthony Tan said in an interview Tuesday. He declined to elaborate on specific targets and said the company doesn’t have plans for an initial public offering because it has plenty of funding from investors.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
