23 days ago • Posted by Martin Boujol
Grab to announce $40B deal via SPAC
The largest ride-hailing and food delivery solution of Southeast Asia will announce its merger with US-based special purpose acquisition company Altimeter that will value Grab at $40 billion for public listing, said Reuters. The merger will be the biggest blank check company merger ever. The company leveraged its influence and is also now pushing insurance and lending services.
Source: Reuters, Yahoo Finance