Grab eyes upto $2 billion loan to support possible GoTo acquisition, Bloomberg News reports


FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo

, REUTERS -Singapore-headquartered Grab is seeking a loan of up to $2 billion to support its potential takeover of Indonesia's GoTo, Bloomberg News reported on Wednesday citing people familiar with the matter.

The report stated that the so-called bridge loan could have a tenor of about 12 months, and that Grab's talks with banks were in the early stages.

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