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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Internet Can’t Be Wild West, EU’s Breton Tells Google CEO Pichai | Technology News

BRUSSELS (Reuters) – Europe’s industry chief Thierry Breton has warned Alphabet CEO Sundar Pichai that he plans to rein in U.S. tech giants via a raft of new rules to curb the excesses of a “Wild West” internet.

Breton issued the warning in a video-conference call with Pichai late on Thursday, according to a statement from the European Commision.

The comments came after a Google internal document outlined a 60-day strategy to counter the European Union’s push for tough new tech rules by getting U.S. allies to push back against Breton.

The call was initiated by Google before the document was leaked.

Breton will announce new draft rules known as the Digital Services Act and the Digital Markets Act together with European Competition Commissioner Margrethe Vestager on Dec. 2.

The rules will set out a list of do’s and don’ts for gatekeepers – online companies with market power – forcing

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Internet can’t be Wild West, EU’s Breton tells Google CEO Pichai

By Foo Yun Chee



Thierry Breton wearing a suit and tie: EU to propose tougher checks on foreign buying spree of EU firms


© Reuters/POOL New
EU to propose tougher checks on foreign buying spree of EU firms

BRUSSELS (Reuters) – Europe’s industry chief Thierry Breton has warned Alphabet CEO Sundar Pichai that he plans to rein in U.S. tech giants via a raft of new rules to curb the excesses of a “Wild West” internet.

Breton issued the warning in a video-conference call with Pichai late on Thursday, according to a statement from the European Commision.

The comments came after a Google internal document outlined a 60-day strategy to counter the European Union’s push for tough new tech rules by getting U.S. allies to push back against Breton.

The call was initiated by Google before the document was leaked.

Breton will announce new draft rules known as the Digital Services Act and the Digital Markets Act together with European Competition Commissioner Margrethe Vestager on Dec. 2.

The rules

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