Grab Holdings (GRAB) surges over 13% on merger talks with GoTo, potential dominating of on-demand market.

From Stocktwits: 2025-02-04 15:28:17

Grab Holdings (GRAB) shares surged over 13% following reports of potential merger talks with rival GoTo Group, aiming for a 2025 deadline. The companies are discussing a scenario valuing GoTo at over 100 rupiah each, but talks may not lead to a deal. Citi analysts anticipate the merged companies would dominate 80-90% of on-demand services in Indonesia with increased user acquisition and cost savings. HSBC upgraded GRAB stock to “Buy” with a lower price target. Retail sentiment on Stocktwits is extremely bullish. However, concerns about Singapore antitrust laws and Grab’s 63% stock increase over the past year remain.



Read more at Stocktwits: Grab Holdings Stock Soars On Merger Speculation With Rival GoTo: Retail Goes Berserk