SoftBank profit more than triples to $12 billion on OpenAI stake gainsTechnology investor SoftBank Group reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, a significant ...
Grab-GoTo deal hits snag caused by state-backed holder’s stakeGrab’s planned multibillion-dollar takeover of GoTo has stalled as Telkomsel, a state-linked shareholder, resists selling its 2% stake at c...
Singapore's Grab not in talks with GoTo over a buyoutGrab denied reports of acquisition talks with Indonesian competitor GoTo, quashing market speculation about a potential merger. The stateme...
Grab eyes upto $2 billion loan to support possible GoTo acquisition: ReportUS-listed ride-hailing and food delivery firm is also considering a bond or equity take-out after securing the bridge loan, the report adde...
Grab weighs takeover of rival GoTo at $7 billion valuationDiscussions have intensified in recent weeks and the companies see 2025 as an opportune year for a deal, the people said. The firms — the t...
Ride-hailing firm GoTo denies discussions of merger with GrabMedia reports previously said both the companies were in preliminary discussions related to a variety of scenarios about a potential deal.
TikTok to invest $1.5 billion in GoTo's Indonesia ecommerce businessChinese short-video making platform TikTok on Monday committed to invest $1.5 billion in Indonesian firm GoTo's e-commerce unit Tokopedia t...
Indonesia's tech giant GoTo reports significant drop in Q3 underlying lossesGoTo, which offers ride-hailing, e-commerce, and financial services, said its net losses for the period were at 2.4 trillion rupiah, a drop...
GoTo CEO Andre Soelistyo to step down; Patrick Walujo named successorHe will be replaced by Patrick Walujo, managing partner of private equity firm Northstar Group, GoTo said in a statement Thursday.
Indonesian startup GoTo is world’s worst large size tech IPO this yearShares of the Indonesian startup provider of food delivery services to fintech solutions are falling for a 10th straight session, taking lo...
Indonesia's GoTo to cut 1,300 jobs to step up cost cutting"Challenging global macroeconomic conditions are having a significant impact on businesses around the world and GoTo, like other prudent co...
Indonesia's GoTo Tokopedia falls as low as 3.14% on 2nd day of tradingThe shares rose as much as 15.7% earlier in the session before erasing its gain. GoTo gained 13% on its debut trading a day earlier.
GoTo sizzles on debut, sets tone for booming Indonesia tech sectorGoTo soared as much as 23% in its stock market debut on Monday after Indonesia's largest tech company raised $1.1 billion in a widely antic...
GoTo seeks to buck tech sector slump with $1.1 billion Indonesia IPOGoTo is selling 4% in shares with most taken up by funds. Backed by names such as SoftBank Group Corp's Vision Fund 1, Alibaba Group Holdin...
Alibaba, SoftBank score 2022’s first IPO windfall with GoToThe Jakarta-based company raised $1.1 billion last week, meaning the value of the two investors’ stakes will be almost $5 billion combined ...
GoTo to raise $1.1 bn after finalising IPO at top end of price rangeGoTo is backed by the likes of SoftBank Group Corp, Alibaba Group and Singapore sovereign wealth fund GIC.
GoTo to raise $1.1 billion after finalising IPO at top end of price rangeGoTo, formed last year by the merger of ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, surprised some investors and a...