Indonesia wealth fund considers stake in Grab-GoTo deal, Bloomberg News reports

(Reuters) -Newly-launched sovereign wealth fund Danantara Indonesia is in early talks with GoTo to get a piece of U.S.-listed rival Grab's potential buyout of the ride-hailing and food delivery firm, Bloomberg News reported on Friday. The fund is seeking a minority stake in the combined entity, which could help ease the Indonesian government's concerns of Singapore-headquartered Grab owning the country's biggest tech firm, the report said, citing people familiar with the matter. Indonesia's antitrust regulator last month started research aimed at identifying risks from a possible deal between the tech giants, who have yet to confirm merger talks.

Reuters

27 minutes ago