Grab has completed the acquisition of Emtek, Gree and Singapore Press Holdings-backed mobile payment portal Kudo for between $80m and $100m.
On-demand ride platform Grab closed the acquisition of Indonesia-based mobile payment platform Kudo on Monday, allowing media businesses Emtek and Singapore Press Holdings, and digital media company Gree to exit.
Grab paid between $80m and $100m in cash and stock for the company, a source with knowledge of the deal told TechCrunch.
Kudo operates an online-to-offline (O2O) payment platform through which users can buy goods from a network of about 400,000 agents across 50 Indonesian towns or cities without needing…
