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Posted on: April 3, 2017, 6:21 p.m.
Southeast Asian ride-hailing firm Grab on Monday said it has agreed to buy Indonesian online payment startup Kudo, marking the first investment under a recently announced plan to commit $700 million to its largest market. Grab did not disclose the deal value. Reuters in February reported Grab’s plan to buy Kudo for over $100 million, citing a person close to the matter. Full investment news article