GoTo’s Rebound Hinges on Shareholder Vote as Grab Merger Eyed
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Shares of GoTo Group are seeing signs of new life ahead of a shareholders’ meeting that may help pave the way for its long-awaited merger with larger rival Grab Holdings Ltd.GoTo’s stock has risen about 20% in Jakarta so far this quarter, beating global ride-hailing and delivery peers. Support from major shareholders and the Indonesian government for a takeover by Grab have helped drive a turnaround after years of underperformance.