US EditionIndonesia’s sovereign wealth fund considers involvement in $7 billion Grab-GoTo deal
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Danantara, an Indonesian investment institution, is exploring investing in a merger between Grab and GoTo to address government concerns about Grab's dominance in the domestic tech sector.
Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo deal - report
Indonesia’s sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd’s planned $7 billion acquisition of GoTo Group, potentially allowing the country’s government to own a slice of an Asian internet powerhouse, Bloomberg reported on Friday. Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter, the report said. This could help assua…
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