Gojek, Grab renew merger talks

Gojek, Grab renew merger talks
  • Six months after merger talks stalled between two of Southeast Asia’s ride-hailing companies, Gojek and Grab Holdings have resumed negotiations.
  • Shareholders have urged the startups to return to the table, FT reported. These latest discussions come as rivals Gojek based in Jakarta, Indonesia, and Grab, based in Queenstown, Singapore, continue to lose money amid pandemic restrictions.
  • A merger could significantly accelerate both Grab and Gojek’s paths to profitability.