Grab announces $1.49 billion deal for a 60% stake in Atome
A September 16 post says the deal targets a combined loan book above $6 billion by 2028 and lifts Grab's adjusted EBITDA target to $1.7 billion that year.
TLDR
A September 16 post describes Grab's $1.49 billion deal for 60% of Atome and says shares rose after it became official. The stock had hit a 52-week low of $2.96 the week the acquisition rumor surfaced, alongside an unrelated insider share sale and driver protests in Vietnam. The post argues that concrete deal terms and financial guidance gave investors more to assess than the initial rumor. It also cautions that Grab's financial-services segment was still posting a loss the previous quarter.
Combined views
142
1 Source, first seen 14d ago