bullish
2 SoftBank-backed companies getting an early Christmas present
SUMMARY
- Two SoftBank-backed tech companies, Better (merging with AURC) and Grab (merger with AGC approved today), are about to receive a major capital infusion.
- Better, announced it reworked its merger agreement to give the company access to $750M bridge financing now
Grab is set to close its SPAC merger tomorrow, giving the Southeast Asian “super-app” an estimated $4.5B in cash proceeds.
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