Altimeter Growth Corp. (AGC) to Combine with Grab in $31.2Bn Deal

Altimeter (NASDAQ:AGC) announced this morning that it intends to enter into a definitive agreement to combine with Asian ride-hailing service Grab at a pro forma enterprise value of $31.26 billion, or 26.1x its 2020 revenue. The transaction as proposed is by far the largest SPAC deal to date at nearly double the transaction value of
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