Grab Reportedly Seeking $2 Billion to Acquire Rival GoTo

Group 1 - Grab is reportedly seeking to raise up to $2 billion in a bridge loan to acquire rival GoTo, with plans for a bond or equity takeout following the loan [1][2] - The potential acquisition of GoTo could be valued at over$7 billion, indicating that Grab's capital-raising efforts are progressing after initial hesitations [2] - GoTo's CEO has expressed openness to a merger with Grab, emphasizing the need to consider the implications for shareholders and the company's responsibilities [3] Group 2 - The merger discussions between Grab and GoTo have been ongoing since 2024, although both companies initially denied the negotiations [4] - A combined entity would create significant regulatory scrutiny due to the large market presence of both companies in Southeast Asia, with a combined market value of $23 billion [4] - The food delivery sector is currently facing challenges, as evidenced by Grubhub's recent announcement of a 20% workforce reduction following its acquisition [5]