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HomeFinance NewsGrab Reportedly Advancing with GoTo Acquisition

Grab Reportedly Advancing with GoTo Acquisition

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Grab Holdings, a ride-hailing and food delivery company based in Southeast Asia, is advancing in its efforts to acquire its Indonesian competitor, GoTo Group. The company has initiated a due diligence process, as reported by Bloomberg on Tuesday. Grab is currently assessing the accounts, contracts, and operations of GoTo, indicating a move towards potentially finalizing the acquisition.

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