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Southeast Asia's Ride-Hailing "Mega Giant" on the Horizon? SoftBank Backs Ouster of GoTo CEO as Merger with Grab (GRAB.US) Nears

According to sources familiar with the matter, SoftBank Group, led by legendary investor Masayoshi Son, along with key GoTo Group shareholders such as Provident Capital Partners and Peak XV, are...

Southeast Asia's Ride-Hailing "Mega Giant" on the Horizon? SoftBank Backs Ouster of GoTo CEO as Merger with Grab (GRAB.US) Nears

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SoftBank Backs Ouster of GoTo CEO as Merger with Grab (GRAB.US) Nears","url":"https://stock-news.laohu8.com/highlight/detail?id=1183762715","media":"Stock News","summary":"According to sources familiar with the matter, SoftBank Group, led by legendary investor Masayoshi Son, along with key GoTo Group shareholders such as Provident Capital Partners and Peak XV, are...","content":"<p>According to sources familiar with the matter, SoftBank Group, led by legendary investor Masayoshi Son, along with key GoTo Group shareholders such as Provident Capital Partners and Peak XV, are pushing to remove CEO Patrick Walujo from his position at the Southeast Asian ride-hailing provider. Analysts widely view this move as potentially accelerating acquisition talks between GoTo Group and Grab Holdings (GRAB.US).</p>\n<p>Reports indicate that several GoTo shareholders have signed a memorandum submitted to the board, demanding an extraordinary general meeting. Key backers, including some of GoTo's co-founders, propose voting on critical matters, including the removal of Walujo, under whose leadership the company's market capitalization has plunged over 40%. Walujo is also seen by shareholders as a major obstacle to a potential Grab takeover.</p>\n<p>Grab, backed by U.S. delivery giant Uber Technologies Inc., has engaged in intermittent negotiations with GoTo, but a merger has never materialized, primarily due to antitrust concerns surrounding the consolidation of Southeast Asia's two largest tech players. Uber exited the region in 2018 in exchange for a stake in Grab, while smaller competitors have failed to significantly erode either company's market share.</p>\n<p>Since the beginning of this year, Grab has actively pursued the acquisition of rival GoTo Group, though substantial progress remains elusive. Insiders reveal that Grab has been evaluating GoTo's financials, contracts, and operational details. Both companies, which have reported persistent losses, are the region's dominant ride-hailing platforms and have held on-and-off talks for years, aiming to reduce costs and ease competitive pressures in a market of over 650 million consumers.</p>\n<p>Despite potential antitrust hurdles, the two giants see consolidation as a path to bolstering competitiveness and improving financial performance. For Grab, acquiring GoTo—whose business overlaps significantly—would unlock synergies in technology, platform operations, and marketing. The deal would also allow Grab to integrate Indonesia's and Southeast Asia's largest internet platform resources, further expanding its user base and market share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia's Ride-Hailing \"Mega Giant\" on the Horizon? SoftBank Backs Ouster of GoTo CEO as Merger with Grab (GRAB.US) Nears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia's Ride-Hailing \"Mega Giant\" on the Horizon? SoftBank Backs Ouster of GoTo CEO as Merger with Grab (GRAB.US) Nears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-11-11 16:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>According to sources familiar with the matter, SoftBank Group, led by legendary investor Masayoshi Son, along with key GoTo Group shareholders such as Provident Capital Partners and Peak XV, are pushing to remove CEO Patrick Walujo from his position at the Southeast Asian ride-hailing provider. Analysts widely view this move as potentially accelerating acquisition talks between GoTo Group and Grab Holdings (GRAB.US).</p>\n<p>Reports indicate that several GoTo shareholders have signed a memorandum submitted to the board, demanding an extraordinary general meeting. Key backers, including some of GoTo's co-founders, propose voting on critical matters, including the removal of Walujo, under whose leadership the company's market capitalization has plunged over 40%. Walujo is also seen by shareholders as a major obstacle to a potential Grab takeover.</p>\n<p>Grab, backed by U.S. delivery giant Uber Technologies Inc., has engaged in intermittent negotiations with GoTo, but a merger has never materialized, primarily due to antitrust concerns surrounding the consolidation of Southeast Asia's two largest tech players. Uber exited the region in 2018 in exchange for a stake in Grab, while smaller competitors have failed to significantly erode either company's market share.</p>\n<p>Since the beginning of this year, Grab has actively pursued the acquisition of rival GoTo Group, though substantial progress remains elusive. Insiders reveal that Grab has been evaluating GoTo's financials, contracts, and operational details. Both companies, which have reported persistent losses, are the region's dominant ride-hailing platforms and have held on-and-off talks for years, aiming to reduce costs and ease competitive pressures in a market of over 650 million consumers.</p>\n<p>Despite potential antitrust hurdles, the two giants see consolidation as a path to bolstering competitiveness and improving financial performance. For Grab, acquiring GoTo—whose business overlaps significantly—would unlock synergies in technology, platform operations, and marketing. The deal would also allow Grab to integrate Indonesia's and Southeast Asia's largest internet platform resources, further expanding its user base and market share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","GRAB":"Grab Holdings","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","BK4122":"互联网与直销零售",".IXIC":"NASDAQ Composite","BK4022":"陆运","BK4230":"旅客陆运","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","SG9999002406.SGD":"利安新加坡信托基金","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0441851309.USD":"JPM ASEAN EQUITY \"A\" ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183762715","content_text":"According to sources familiar with the matter, SoftBank Group, led by legendary investor Masayoshi Son, along with key GoTo Group shareholders such as Provident Capital Partners and Peak XV, are pushing to remove CEO Patrick Walujo from his position at the Southeast Asian ride-hailing provider. Analysts widely view this move as potentially accelerating acquisition talks between GoTo Group and Grab Holdings (GRAB.US).\nReports indicate that several GoTo shareholders have signed a memorandum submitted to the board, demanding an extraordinary general meeting. Key backers, including some of GoTo's co-founders, propose voting on critical matters, including the removal of Walujo, under whose leadership the company's market capitalization has plunged over 40%. Walujo is also seen by shareholders as a major obstacle to a potential Grab takeover.\nGrab, backed by U.S. delivery giant Uber Technologies Inc., has engaged in intermittent negotiations with GoTo, but a merger has never materialized, primarily due to antitrust concerns surrounding the consolidation of Southeast Asia's two largest tech players. Uber exited the region in 2018 in exchange for a stake in Grab, while smaller competitors have failed to significantly erode either company's market share.\nSince the beginning of this year, Grab has actively pursued the acquisition of rival GoTo Group, though substantial progress remains elusive. Insiders reveal that Grab has been evaluating GoTo's financials, contracts, and operational details. Both companies, which have reported persistent losses, are the region's dominant ride-hailing platforms and have held on-and-off talks for years, aiming to reduce costs and ease competitive pressures in a market of over 650 million consumers.\nDespite potential antitrust hurdles, the two giants see consolidation as a path to bolstering competitiveness and improving financial performance. For Grab, acquiring GoTo—whose business overlaps significantly—would unlock synergies in technology, platform operations, and marketing. The deal would also allow Grab to integrate Indonesia's and Southeast Asia's largest internet platform resources, further expanding its user base and market share.","news_type":1,"symbols_score_info":{"GRAB":1,".IXIC":1}},"isVote":1,"tweetType":1,"viewCount":201,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}