Uber, SoftBank among big winners in Grab’s record-breaking SPAC deal
“We’re actually stronger now than before” the pandemic, Grab co-founder and CEO Anthony Tan, pictured here in 2019, told Nikkei on April 13. (Photo by Kosaku Mimura)
The Grab-Altimeter Growth merger seems to have struck a winning deal on all sides. The powerhouse combo, which announced its merger plans on Tuesday, values the post-merger entity at a stunning $39.55 billion, making it the world’s largest SPAC deal to date.
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An insight into the reasons that Grab could ask for the steep valuation.
The proposed transaction includes a PIPE deal worth over $4 billion.
