Grab Agrees World’s Biggest SPAC Merger, Valued at US$40bil

Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly US$40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as …

Grab Agrees World’s Biggest SPAC Merger, Valued at US$40bil Read More »