Grab, Southeast Asia’s biggest ride hailing company, will debut on Nasdaq Thursday via a merger with Altimeter Capital Growth, a special purpose acquisition company, in a deal that values Grab at $40 billion. Grab also is raising $4.5 billion as part of the deal that was struck in April. The reverse merger marks the biggest U.S. listing of a Southeast Asian company and could set the tone for...
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Senators Target Google With New Bill to Break Its Grip on Murky Ad Tech Market
A bipartisan group of U.S. senators that has been trying to rein in Google and other big tech companies plans to introduce a bill that would regulate the shadowy world of online ads more like how the government regulates Wall Street. The draft bill, aiming to prevent potential conflicts of interest, would effectively force Google to sell or spin off major parts of its dominant advertising...
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