SINGAPORE: Southeast Asian ride-hailing and food delivery company Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek to stem years of losses, two sources familiar with the matter told Reuters.
A new round of merger talks, which were last held in 2024, resumed in December, with investors eager to reach a deal in 2025. An agreement may not happen, said the sources, with on-and-off negotiations in previous years all falling through. The people declined to be identified as the talks are private.
Grab and Gojek declined to comment. The revived talks were first reported by DealStreetAsia. - Reuters
