SoftBank-Backed Grab Agrees to Deal to Go Public in World's Largest SPAC Merger

Southeast Asia's ride-hailing giant Grab is going public via a record-setting SPAC merger with Altimeter Growth Corp, valued at nearly $40 billion. Grab will receive about $4.5 billion in cash, which includes $4 billion in a private investment in public equity (PIPE). Upon completion of its merger, the SoftBank-backed company...