GoTo

Grab Targets Major Expansion with Potential $2 Billion Loan for GoTo Acquisition

3 months ago

In a bold move that signals its aggressive expansion strategy, Grab Holdings Ltd., the leading superapp in Southeast Asia, is pursuing a loan of up to $2 billion. This financial maneuver is aimed at facilitating a possible takeover of GoTo, a significant competitor in the region. The negotiations for the loan are still in progress, with multiple banks involved in discussions regarding the terms and conditions.

GoTo's Earnings Forecast Exceeds Expectations Thanks to Strategic Cost-Cutting Measures

4 months ago

In a positive turn for GoTo, Indonesia's leading tech conglomerate, the company has reported an earnings forecast that surpasses analyst expectations, driven largely by effective cost-cutting initiatives. This announcement marks a significant turnaround for the firm, which has been navigating challenges in the competitive digital landscape.

GoTo's CEO Gets a Five-Year Extension to Drive Profits for the Ride-Hailing Giant

6 months ago

In a significant move that underscores GoTo's commitment to profitability, the ride-hailing company has extended the contract of its CEO, Andre Soelistyo, for an additional five years. This decision comes at a crucial time for the company as it seeks to navigate the competitive landscape of the ride-sharing market and turn a profit after years of losses.