No Grab-GoTo merger notification yet, says Singapore competition watchdog

FILE PHOTO: Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. GoTo and Singapore-based Grab, whose significant shareholder is Uber Technologies, have held on-and-off discussions about a merger for years. - Bloomberg

SINGAPORE: The competition watchdog here has not received any notification from ride-hailing firms Grab or GoTo on any proposed merger, but said it remains open to engaging with the parties.

In response to queries from The Straits Times, the Competition and Consumer Commission of Singapore (CCS) said on Nov 14 that it was aware of media reports about a potential tie-up.