Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report

By Chen Lin

logo: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

© Reuters/Anshuman Daga
A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

SINGAPORE (Reuters) – The CEO of Singapore ride-hailer Grab told employees in an internal note on Thursday that the firm is in a position to make acquisitions, following a report it is close to a merger with regional rival Gojek.


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The two firms have made substantial progress in talks to merge Southeast Asia’s two most valuable startups, Bloomberg reported on Wednesday.

Sources familiar with the matter have previously told Reuters that over the last few years, large investors of the two companies have backed a merger of both loss-making firms.

“There is speculation again about a Gojek deal,” Anthony Tan told employees in a note on the company’s internal communication platform, seen by Reuters.

“Our business momentum is good, and as with any market consolidation rumours, we

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Grab These 4 Stocks From Promising Computer Networking Industry

Increasing focus on network security, cloud computing, big data and cloud storage is expected to drive the Zacks Computer – Networking industry participants’ prospects.

Further, rapid deployment of 5G networking is aiding the proliferation of Internet of Things (IoT), Advanced Driver Assistance Systems (ADAS), Augmented Reality/Virtual Reality (AR/VR) devices, and 5G smartphones, which necessitates a future of robust networking infrastructure.

This has bolstered the demand for networking products, which favors the prospects of prominent industry players including NETGEAR (NTGR), Lantronix (LTRX), Extreme Networks (EXTR) and Digi International (DGII).

Thereby, the outlook for the Zacks Computer – Networking industry appears encouraging at the moment. Nevertheless, slowdown in IT spending and broader macroeconomic weakness due to the coronavirus crisis are likely to act as dampeners.


Industry Description

The Zacks Computer – Networking industry comprises companies that provide networking and Internet connected products, including wireless (WiFi and LTE), Ethernet and powerline, with focus

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Demon’s Souls PS5 Buying Guide: Grab A Copy On Launch Day

It’s PS5 launch day, and if you’re still looking to pick up a game or two, you can still, one of the biggest launch games is in stock at multiple retailers. The Demon’s Souls remake has arrived alongside the PS5. It displays in 4K at 60fps, and if you want, you can snag the Digital Deluxe edition, which includes a number of armor sets, weapons, and more.

With the dawn of the next generation comes what looks like a new standard for game prices. Many next-gen titles feature a $70 price tag. This applies to Demon’s Souls as well, so you’ll need to spend a little extra than you’re used to if you want to play the game on PS5.

If you order the standard edition of Demon’s Souls from Amazon, Best Buy, or Walmart, you should be able to start playing by Saturday. Depending on your location, Amazon even

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E-Commerce Platform Grab Predicts Online Food Orders At Airports Will Hit Ten Million By 2022

Demonstrating that airport, airline and online partnerships can reap rewards during a crippling pandemic, e-commerce platform Grab has taken its airport online orders from zero to five million in five years, but expects that figure to double to ten million within another two.

Software company Grab, founded in 2014, has been providing contactless ordering and payment services in airport restaurants and other outlets in the U.S. since 2015 when the Houston-based start-up launched at Hartsfield-Jackson Atlanta International Airport.

Grab’s five millionth order was transacted this summer at TGI Friday’s in Dallas Fort Worth Airport by a customer using American Airlines’ app. The next five million will take far less time.

Grab CEO Mark Bergsrud tells “It’s taken over five years to get to five million orders. It’s hard to say with the fluidity of travel

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Impulsify Grab & Go Retail Technology Helps Dimension Development Increase the Value of Their Portfolio

DENVER, Nov. 11, 2020 /PRNewswire/ — Hospitality’s Grab & Go retail innovator, Impulsify Inc., implemented their self-service kiosk program in 14 of Dimension Development’s 80 hotels across the country, and they found the program was an overwhelming success.

Dimension Development specializes in maximizing hotel profit. Their 80 hotels employ a variety of innovative solutions, such as Impulsify’s Grab & Go retail technology. Dimension’s Assistant CFO, Matthew Schupbach, describes “Dimension is continuously evolving and searching for the tools and technology that will drive cash flow.”

Dimension Development increased average Retail Sales Per Occupied Room +19% (from $0.95 to $1.14 POR), and increased average Profit Margin significantly, at 14 hotels when comparing the six months before installation to the six months after installation.  Schupbach explains, “This analysis shows that the self-service kiosk program and retail design provided by Impulsify Inc. pays for itself.


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