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D05 - DBS Group News Story

S$27.69 -0.4  -1.3%

Last Trade - 05/03/21

Sector
Financials
Size
Large Cap
Market Cap £38.02bn
Enterprise Value £36.22bn
Revenue £7.85bn
Position in Universe 34th / 6141

BREAKINGVIEWS-Sea can pass on Southeast Asian deal frenzy

Tue 12th January, 2021 2:46am
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Sharon Lam HONG KONG, Jan 12 (Reuters Breakingviews) - The region’s hot tech companies, Tokopedia, Grab and Gojek, are mulling consolidation. Any of them could be swallowed by Singapore’s $106 bln gaming-to-shopping giant Sea which has a war chest of cash and rich stock. But boss Forrest Li has good reason to sit back. Full view will be published shortly. On Twitter https://twitter.com/sharonlamhk CONTEXT NEWS - Indonesian ride-hailing and payments firm Gojek and e-commerce company Tokopedia are in advanced talks for a $18 billion merger ahead of a potential dual listing in Jakarta and the United States, Reuters reported on Jan. 5, citing sources. Bloomberg earlier reported the news. - Singaporean online gaming-to-shopping giant Sea on Dec. 11 announced the pricing of a roughly $3 billion follow-on issuance of stock in New York. The company said it planned to use the net proceeds for business expansion and potential strategic investments and acquisitions, among other things. - For previous columns by the author, Reuters customers can click on LAM/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Sea press release https://www.seagroup.com/investor/newsroom/170 BREAKINGVIEWS - Tokopedia neatly channels Indonesia’s potential urn:newsml:reuters.com:*:nL1N2JF07W BREAKINGVIEWS - Sea’s $55 bln valuation can rise with the tide urn:newsml:reuters.com:*:nL4N2E90D4 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by Una Galani and Katrina Hamlin) ((sharon.lam@thomsonreuters.com; Reuters Messaging: sharon.lam.thomsonreuters.com@reuters.net))
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