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10 hours ago
๐ข ๐๐จ๐ฆ๐ง ๐๐ก: $Grab(GRAB.US) GRAB to Acquire 60% Stake in Atome Financial for $1.49 Billion
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค ๐๐ฟ๐ฎ๐ฏ will acquire a ๐บ๐ฎ๐ท๐ผ๐ฟ๐ถ๐๐ ๐ฒ๐ฌ% stake in Atome Financial.โค Transaction values the acquired stake at approximately $๐ญ.๐ฐ๐ต ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป.โค Stake will be acquired from ๐๐ฑ๐๐ฎ๐ป๐ฐ๐ฒ ๐๐ป๐๐ฒ๐น๐น๐ถ๐ด๐ฒ๐ป๐ฐ๐ฒ ๐๐ฟ๐ผ๐๐ฝ and others.โค ๐๐๐ผ๐บ๐ฒ provides buy-now-pay-later services across multiple consumer categories.โค Grab now targets a loan book exceeding $๐ฒ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป by ๐ฎ๐ฌ๐ฎ๐ด.โค Previous target was more than $๐ฏ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป by year-end.โค Atome generated $๐ฐ๐ณ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป revenue in 2025, increasing ๐ด๐ฌ%.โค Atome achieved its ๐๐ฒ๐ฐ๐ผ๐ป๐ฑ ๐ฐ๐ผ๐ป๐๐ฒ๐ฐ๐๐๐ถ๐๐ฒ annual profit before taxes.โค Deal follows Grab's recent ๐ฆ๐๐ฎ๐๐ต and ๐๐ผ๐ผ๐ฑ๐ฝ๐ฎ๐ป๐ฑ๐ฎ ๐ง๐ฎ๐ถ๐๐ฎ๐ป acquisitions.๐ ๐ช๐ต๐ ๐ง๐ต๐ถ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:โค Acquisition significantly expands Grab's exposure to ๐ฐ๐ผ๐ป๐๐๐บ๐ฒ๐ฟ ๐น๐ฒ๐ป๐ฑ๐ถ๐ป๐ด.โค New $๐ฒ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป target signals substantially higher financial-services ambitions.โค Atome adds a rapidly growing, already ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐๐ฎ๐ฏ๐น๐ฒ BNPL platform.โค Deal further diversifies Grab beyond ๐ฟ๐ถ๐ฑ๐ฒ-๐ต๐ฎ๐ถ๐น๐ถ๐ป๐ด and food delivery.
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