Grab is reportedly in discussions to secure a loan of up to $2 billion to potentially acquire Indonesia’s GoTo, according to a Bloomberg report. The loan would serve as bridge financing, with plans for repayment within a year. The deal, which is still in its early stages, could enable Grab to expand its market share in Southeast Asia by acquiring one of the region’s largest tech firms, which operates in areas such as ride-hailing, e-commerce, and financial services.

While the negotiations are ongoing, GoTo has not confirmed any discussions regarding a potential acquisition by Grab. The move highlights Grab’s strategy to strengthen its position in the competitive Southeast Asian market.