SINGAPORE/JAKARTA -- Shares in Singapore-based Grab Holdings jumped nearly 13% in trading in New York on Tuesday following media reports that the ride-hailing and food delivery group is in talks to merge with its Indonesian rival GoTo.
Business deals
Grab shares jump 13% after reports of GoTo merger talks
GoTo says there is 'no agreement' between ride-hailing rivals
Grab and GoTo, the two largest ride-hailing service companies in Southeast Asia, have held on-and-off talks for years on a potential merger. (Photo by Yuki Kohara)
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