Grab

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

5 days 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.

Grab Engages in Talks for Potential Acquisition of Rival Gojek

13 days ago

In a significant strategic move within the Southeast Asian tech landscape, Grab Holdings, a leading super app based in Singapore, is reportedly advancing discussions to acquire Gojek, its primary competitor. This potential merger could reshape the competitive dynamics of the ride-hailing and delivery markets across the region.

Grab Expands Grocery Ventures with Acquisition of Malaysian Supermarket Chain

28 days ago

In a strategic move to bolster its presence in the grocery sector, Grab Holdings has announced the acquisition of a prominent Malaysian supermarket chain. This development signifies the company's commitment to diversifying its offerings beyond ride-hailing and food delivery services, aiming to tap into the growing grocery market in Southeast Asia.

Grab Latest Sales Forecast Falls Short of Expectations Amid Slowing Ride-Hailing Market in Asia

1 month ago

In a disappointing turn of events, Grab Holdings Limited, a leading ride-hailing and food delivery platform in Southeast Asia, has revealed that its sales forecasts for the upcoming quarter have significantly underperformed compared to market expectations. This news has caused ripple effects across its stock performance and raised concerns about the overall health of the ride-sharing and delivery market in the region.

Grab-Backed Super Bank Eyes IPO in Jakarta: A Game Changer for Southeast Asia’s Financial Landscape

3 months ago

In a significant move that could reshape the financial services landscape in Southeast Asia, the super bank backed by the tech giant Grab is reportedly contemplating an initial public offering (IPO) in Jakarta within this year. Sources close to the matter revealed that this strategic decision underscores the growing ambition of digital financial service providers in the region.

Omeed Malik's SPAC Moves to Acquire Gun Retailer GrabAGun in New Deal

3 months ago

In a significant development in the world of special-purpose acquisition companies (SPACs), Omeed Malik's SPAC is reportedly close to finalizing a deal to merge with the firearm retailer GrabAGun. This acquisition comes amid a broader trend of increasing interest in the gun retail industry, highlighting how investors are positioning themselves within this controversial market.

Grab Holdings Reports Impressive Quarter, Analysts Optimistic About Future Stock Performance

4 months ago

In a notable financial report released recently, Grab Holdings, a leading Southeast Asian technology company known for its ride-hailing and food delivery services, showcased significant growth in its latest earnings quarter. This surge has caught the attention of financial analysts, many of whom are now optimistic about the company's potential for further stock gains.

Grab Raises Outlook After Exceeding Earnings Expectations

5 months ago

In a surprising turn of events, Grab Holdings Inc., the Singapore-based super app, has elevated its financial forecast for the upcoming quarters following a robust performance in its latest quarterly earnings report. The company reported a significant increase in revenue that outpaced analysts' projections, solidifying its position as a leader within the Southeast Asian market.