ExchangeWire on Grab's SPAC, Selling Streaming Logins, and China's "Excessive" Data Ban

On this week’s episode of the MadTech Podcast, ExchangeWire senior editor Mat Broughton is joined by head of content Lindsay Rowntree, and global head of partnerships Anne-Marie Sheedy to discuss the latest news in ad tech and martech.
 
Together, they cover:
– Southeast Asian ‘super-app’ Grab are going public in the US via a special purpose acquisition company (SPAC). The merger, backed by Altimeter Growth Corp., will give Grab a pro forma equity value of USD $39.6bn (£28.8bn), making the deal the largest of its kind.
The move will make Grab the most valuable SEA-based company to trade in the US. The Singapore-based firm began as a ride-hailing platform before transforming into a “super-app” that now provides services ranging from food delivery to ecommerce logistics and beyond. As noted by Axios, such apps are yet to crack the US market, where comparatively greater access to faster broadband makes “super-utility” platforms less essential than in SEA.

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