Go jek pc5/29/2023 Go-Jek also reported US$1 billion earnings in 2019 but it's still impressive because it doesn't cover as many Asian markets as Grab. In 2018 Grab amassed US$1.1 billion in revenue and in 2019 the estimated earnings were around US$2.3 billion. “ have been locked in a price war as they compete for new users, which has come at the expense of margins, even as both companies face pressure from investors to show a path to profitability.” Mobility analyst at PitchBook Asad Hussin said that the merger could significantly accelerate both companies' paths to profitability, creating significant value for investors. There is also the problem with shares, as Go-Jek is aiming for a 50-50 split. The report also stated that both companies have met over the years to discuss the merger but it became more serious over the last couple of months.īut the talks are far from being concluded due to the valuation of both companies and regulatory clearance for the merger. This time they are setting their sights on another ride-hailing company but are taking a softer approach.Ī recent report published by The Information states that Grab and Go-Jek are in talks to form a merger. One of its prominent moves was back in 2018 when it bought Uber's Southeast Asian business. States that Grab and Go-Jek are in talks to form a merger.Grab has been making big moves in the past few years.
0 Comments
Leave a Reply. |