Grab's $1.5B Atome Deal Leads Singapore's Busy Day as Haze Returns and Fed Looms

Grab announced its largest acquisition ever, snapping up Singapore-based buy-now-pay-later provider Atome Financial for up to $1.5 billion upfront. The ride-hailing giant will initially acquire 60% of Atome for $1.49 billion, with the remaining 40% to be bought later at a valuation tied to performance. The deal, which could total nearly $3.3 billion, aims to supercharge Grab's underperforming fintech division, which currently accounts for just...