Grab (GRAB) and GoTo (GTOFF) are in talks to offer Indonesia’s sovereign wealth fund, Danantara, a “golden share” to secure approval for a potential $29B merger, The Financial Times’ A. Anantha Lakshmi, Owen Walker, and David Keohane report. The proposal includes giving Danantara a minority stake with special rights over the Indonesian operations, including influence on matters such as driver pay, according to two people familiar with the matter.
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