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Grab Ventures into Driverless Tech, Announces $500M Buyback

2/12/2026

39 9 Full Breakdown

Summary

Story summary

Grab, a SoftBank-backed ride-hailing firm, is expanding into emerging technologies such as driverless vehicles and drones, pursuing new growth avenues.
Grab plans to initiate a $500 million share buyback to enhance shareholder returns.
Chief Financial Officer Peter Oey expressed optimism about seeing measurable progress on these initiatives within the year.

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Story summary

Grab, a SoftBank-backed ride-hailing firm, is expanding into emerging technologies such as driverless vehicles and drones, pursuing new growth avenues.
Grab plans to initiate a $500 million share buyback to enhance shareholder returns.
Chief Financial Officer Peter Oey expressed optimism about seeing measurable progress on these initiatives within the year.