Grab Stock Climbs Today After $400 Million Buyback and Taiwan Foodpanda Deal
Shares of Grab Holdings climbed 3.4% to $3.77 in Tuesday afternoon trading, following news that the Singapore-based tech firm plans to repurchase as much as $400 million of its own stock within the next four months. This announcement landed just a day after the company inked a $600 million agreement to acquire Delivery Hero’s foodpanda operation in Taiwan.