• Grab to announce merger with U.S. SPAC, to be valued at nearly $40 billion - sources
    Reuters

    Grab to announce merger with U.S. SPAC, to be valued at nearly $40 billion - sources

    Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Grab's agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investment in public equity (PIPE) from a group of Asian and global investors including Fidelity International and Janus Henderson.

  • Grab to announce merger with U.S. SPAC, to be valued at nearly $40 billion: sources
    Reuters

    Grab to announce merger with U.S. SPAC, to be valued at nearly $40 billion: sources

    Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Grab's agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investment in public equity (PIPE) from a group of Asian and global investors including Fidelity International and Janus Henderson.

  • Reuters

    Grab to announce merger with U.S. SPAC, to be valued at nearly $40 bln - sources

    Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Grab's agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investment in public equity (PIPE) from a group of Asian and global investors including Fidelity International and Janus Henderson.