Indonesia is discussing a potential merger or acquisition between Grab (GRAB) and its rival GoTo Gojek (GTOFF), Reuters’ Stefano Sulaiman reports. A combined entity would hold a market share of over 91% in Indonesia, according to data analytics company, Euromonitor International. Indonesian government spokesperson Prasetyo Hadi said a decision would come soon.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRAB:
- Grab Announces Strategic Investment in Remote Driving Tech Firm Vay
- Grab Announces Strategic Investment in Remote Driving Company Vay
- Strategic Growth and Market Expansion: Grab’s Buy Rating Amid Potential GoTo Merger
- Grab’s Q3 2025 Outperformance and Future Growth Prospects Drive CGS-CIMB’s Target Price Increase
- Grab’s Earnings Call: Growth and Strategic Initiatives