<ul><li>Grab is looking to acquire its Indonesian rival, GoTo, in the second quarter of this year for around US$7 billion.</li><li>Advisors have been hired by Grab for the deal, subject to terms including financing. GoTo's Singapore unit will be sold to Grab.</li><li>Grab's previous bid to acquire foodpanda's Southeast Asian business for RM5 billion fell through in early 2024.</li><li>The acquisition talks with Delivery Hero for the sale of foodpanda business ended due to pricing issues.</li></ul>

Grab aims to acquire Indonesian rival GoTo this year

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