Grab Says It's Not in Talks to Buy GoTo ‘at This Time'
Grab Holdings Ltd. said it isn't in talks to acquire Southeast Asia internet peer GoTo Group 'at this time,' signaling it's halting or at least pausing a planned $7 billion acquisition of its Southeast Asia internet peer.
'The parties are not involved in any discussions at this time and Grab has not entered into any definitive agreements,' Grab said in a statement Monday. 'Indonesia continues to be an important country in serving our mission as we continue to outserve our Indonesian customers, driver- and merchant-partners.'
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