SoftBank Joins Move to Replace GoTo CEO, Bloomberg Says, Citing Sources
--SoftBank Group Corp., Provident Capital Partners and Peak XV are among a group of prominent GoTo Group backers seeking to replace Chief Executive Officer Patrick Walujo, which could accelerate talks about an acquisition by Grab, Bloomberg reported Tuesday, citing people familiar with the matter.
--Several GoTo shareholders signed a memo to the board requesting an extraordinary general meeting, with the backers proposing a vote on matters including replacing the CEO, Bloomberg said.
--GoTo said Monday it has scheduled an extraordinary shareholder meeting for Dec. 17, but it isn't related to "any planned corporate actions" and is part of its "corporate governance procedure and should not be a cause for concern."
--Walujo and representatives for SoftBank, Peak XV and Grab declined to comment, the Bloomberg report said.
Full story: https://www.bloomberg.com/news/articles/2025-11-11/softbank-joins-move-to-oust-goto-ceo-paving-way-for-grab-deal
Write to Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
November 11, 2025 04:08 ET (09:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States