Page 9 - Varun Mittal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BusinessGrab to unveil world’s biggest SPAC merger, valued at nearly $40 bln - sources Anshuman DagaAradhana Aravindan 1/3 A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo Read More Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp (AGC.O) securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. The merger, 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 in 2020.

United statesAbu dhabi mubadalaBrad gerstnerVarun mittalPermodalan nasional bhdThomson reuters trust principlesMorgan stanleySoftbank group corpTemasek holdingsHarvard business schoolFidelity internationalAltimeter growth corpGrab holdingsSoutheast asiaWall streetSingapore based grab