Grab Reportedly Seeking $2 Billion to Acquire Rival GoTo

Singapore-based ride-hailing/delivery platform Grab is reportedly trying to raise funds to acquire rival GoTo.The company is in discussions to obtain a bridge loan of up to $2 billion for the deal, Bloomberg News reported Wednesday (March 26), citing sources familiar with the matter. Grab is also considering a bond or equity takeout after securing the loan, one of the sources said. However, the deal is contingent on the company successfully acquiring the Indonesia-based GoTo.The Bloomberg report notes that ...