Grab, GoTo revive talks for mega ride-hailing merger, say sources

Major shareholders of both companies support a deal, and have been driving the talks. — Bloomberg

SINGAPORE: South-East 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.

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.