💨 Abstract

Grab, the Singapore-based ride-hailing and food delivery company, is reportedly seeking a $2 billion loan to potentially acquire Indonesia's GoTo. The bridge loan, with a tenor of about 12 months, is in the early stages of discussion with banks. After securing the loan, Grab might consider a bond or equity take-out. GoTo has not commented, while Grab did not respond to Reuters' request for comment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖