💨 Abstract

Indonesia's GoTo Gojek denied any agreement with Grab for a potential transaction, following media reports about Grab conducting due diligence on GoTo. The talks have been on-and-off due to competition concerns. GoTo and Grab's shares rose on Tuesday. GoTo stated they are focusing on business activities and performance. Grab did not respond to a Reuters request for comment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖