Grab pays top dollar to expand buy-now pay-later
Deutsche Bank research says Grab is paying top dollar for its takeover of buy-now pay-later platform Atome, with the deal structure implying an expectation that Atome will expand the business six-fold.
Grab's acquisition of buy-now pay-later platform Atome comes at a high price, Peter Milliken of Deutsche Bank Research says in a note. Grab is "paying top dollar" to expand its buy-now pay-later business six-fold, Milliken says. The deal's two-tranche structure suggests Atome is expected to be sold for some reason, according to the note.