08:10 AM EDT, 03/18/2025 (MT Newswires) -- Grab Holdings ( GRAB ) is advancing its plans to acquire Indonesia's GoTo Group, Bloomberg reported Tuesday, citing sources familiar with the matter.

Grab has been valuing GoTo's contracts and operations, while the two companies and their shareholders have been assessing the possible structure and value of a deal, the sources told the news outlet.

Grab is weighing a valuation of more than $7 billion for GoTo, according to an earlier Bloomberg report.

Grab and GoTo did not immediately reply to requests for comment from MT Newswires.

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