Sources with knowledge of the matter indicated that Grab was looking to finalize a deal to acquire its smaller Indonesian rival, GoTo, in the second quarter of 2025. Grab had reportedly hired advisors to work on the proposed transaction, which was subject to terms such as financing.
This development suggested a renewed and intensified effort by Grab to consolidate its position in the Southeast Asian market. A successful acquisition would significantly expand Grab's market share and operational footprint, particularly in Indonesia, a key market.
In response to the ongoing speculation, GoTo stated that it had not made any decision regarding any proposals it may have become aware of or received. The company reiterated its position of not having entered into any definitive agreements concerning a potential transaction.
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