$Grab Holdings(GRAB)$As InvestorPlace.com’s Eddie Pan explained when the deal was announced, Grab is paying the equivalent of $360 – $430 million for the chain, which was profitable with sales of about $320 million last year.
The deal gives Grab partners and heft at a time when it needs them. Since coming public through a special purpose acquisition company (SPAC) called Altimeter Growth in early December, Grab stock has gone nowhere but down. It opened Feb. 16 at about $6 per share. But that still gives it a market cap of $21.8 billion, so the Jaya deal looks accretive.
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