Grab’s latest $1.5 bln Atome deal expands consumer finance
Grab, the Southeast Asian ride-hailing group, has signed a $1.5 bln Atome deal that pushes into consumer finance, with some payment deferral to soften impact. Shares have fallen 40% this year despite buybacks as it also snapped up a US investment app and a robot startup.
Grab’s shares have fallen 40% this year even with buybacks, after the Southeast Asian ride-hailing group bought a US investment app, a robot startup and other businesses. 5 bln Atome deal extends its move into consumer finance. Deferring part of the payment eases some of the immediate impact.