March 26, REUTERS - Singapore-headquartered Grab

is seeking a loan of up to $2 billion to support its

potential takeover of Indonesia's GoTo, Bloomberg News

reported on Wednesday citing people familiar with the matter.

The report stated that the so-called bridge loan could have

a tenor of about 12 months, and that Grab's talks with banks

were in the early stages.

U.S.-listed ride-hailing and food delivery firm is also

considering a bond or equity take-out after securing the bridge

loan, the report added.

GoTo declined to comment on the matter. Grab did not respond

immediately to Reuters' request for comments.

Last week, Goto, which operates the ride-hailing and food

delivery platform Gojek, reiterated that there was no agreement

with any party about a potential transaction following a media

report that Grab was moving forward to buy it.

The merger talks between Grab, which is backed by Uber ( UBER )

, and GoTo have been on-and-off but have not resulted in

a deal, primarily due to competition concerns over the two major

Southeast Asian players merging.

Singapore's competition watchdog said last week that it had

not received any notification from either of the companies on

the proposed merger.