Grab’s CEO Says the Company Is Ready to Take on New Acquisitions
Grab, Singapore’s ride‑hailing giant, announced in a quiet internal memo that it is positioned to make moves in the market—potentially buying other firms or even hitting the jackpot with a merger. The news comes amid rumors that Grab may finally team up with Gojek, the Indonesian rideshare rival that has been courting the Southeast Asian startup for years.
What the Boss Said
- Quick & clear: “We’re in a spot where acquisition is possible.”
- Anthony Tan, Grab’s chief executive, didn’t spill the beans on any deals, but hinted that the company is in a prime spot to snag a rival.
- He noted that the “business momentum” is strong, suggesting Grab is ready for the next big step.
Rumour Mill: Gojek vs Grab
While Grab didn’t respond to the note on Twitter, the media’s eye is on the potential merger. Bloomberg had reported that talks between Grab and Gojek have made impressive headway, bringing together two of Southeast Asia’s most valuable private companies.
Appreciate the Context
- Grab’s valuation is over US$15 billion (SG$20 billion).
- Gojek sits at around US$10 billion.
- Both companies have been operating at a loss, but investors have been pushing them to combine.
In short, Grab’s top exec is saying the company’s momentum is so good that it could become a “consolidation king.” Whether it’s a deal, a takeover, or just a brand‑new chatter, the market’s buzzing. Gojek’s latest press release declined to comment, so we’ll have to wait for a formal announcement before we know the real scoop.
