Grab to unveil world’s biggest SPAC merger, valued at nearly $40 billion – sources By Reuters
By Anshuman Daga SINGAPORE (Reuters) -Southeast Asia's biggest ride-hailing and food delivery firm Grab Holdings will announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing, four people told Reuters. The merger, which will be the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion fundraising in 2020. Singapore-based Grab's agreement with a special purpose acquisition company (SPAC) backed by...
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