A new "super giant" in the Southeast Asian ride-hailing market is about to be born? SoftBank supports the removal of GoTo's CEO, and a merger with Grab (GRAB.US) is on the horizon.

According to the information obtained by the Securities Times App, reports from media sources quoting insiders revealed that legendary investor Masayoshi Son's SoftBank Group, as well as several key shareholders of GoTo Group such as Provident Capital Partners and Peak XV, are seeking to remove the CEO of Southeast Asian ride-hailing service provider GoTo Group, Patrick Walujo. Analysts generally believe that this move could accelerate negotiations for a potential acquisition deal between GoTo Group and Grab Holdings (GRAB.US).