Grubb wants to merge with Spack at a value of $ 40 billion – Global

Grubb, the Singaporean travel sharing company is preparing to merge with Spock at a value of $ 40 billion. This emerges from reports in the American media. Spock, we will mention this is a company without activity, but with cash raised for a merger with future activity. This way various activities (mostly technological) enter Wall Street relatively quickly and more easily.

Grub, according to management reports come with the Spock Altimeter Capital Management. Grub, which is owned by Softbank, among others, is in the hot field of travel sharing. Uber and Lift, which have entered Wall Street in the past two years, are fluctuating in results and their share prices are zigzagging, but the companies’ values ​​are still high, and beyond that, they have great accessibility to Wall Street and the ability to raise funds quickly.