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Grab strikes $40-billion deal to go public in biggest ever blank-check merger

FILE PHOTO: FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

(Reuters) – Southeast Asia’s largest ride-hailing and food delivery firm Grab Holdings Inc on Tuesday confirmed its $40-billion merger with a publicly-listed shell company backed by Altimeter Capital, marking the biggest ever deal with a blank check firm.

(Reporting by Anirban Sen in Bengaluru; Editing by Arun Koyyur)

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