GOTO - GRAB eyes acquisition

GOTO - GRAB eyes acquisition Grab Holdings (Nasdaq: GRAB) has begun due diligence on a potential acquisition of GoTo Gojek Tokopedia (GOTO), reviewing GOTO’s accounts, contracts, and operations, Bloomberg reported. Both parties and shareholders are assessing deal structure and valuation, though talks remain ongoing and may not lead to a transaction. Last month, Bloomberg reported Grab was considering a deal valuing GOTO at over USD7 bn. (Source : Bloomberg)