Grab set to announce deal with US SPAC at $40 billion valuation: sources

13/04/2021 16:25 13

Grab set to announce deal with US SPAC at $40 billion valuation: sources


Grab Holdings is set to announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing. -

The merger will make it the biggest blank-check company deal ever.

Cash-rich, U.S.-listed Sea is also muscling into food delivery and financial services in Indonesia. Both Grab and Sea won digital bank licences in Singapore last year.

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