Grab stock ticks up as GoTo deal hits a Telkomsel snag, merchants get iPhone tap-to-pay
Grab shares rose 1.1% to $4.60 Friday after reports that its GoTo takeover talks stalled over Telkomsel’s stake. Trading volume topped 48 million shares. Grab also launched Tap to Pay on iPhone for Singapore merchants. The company’s earnings report is set for Feb. 11.