Gojek and Grab Merger Reportedly Coming Closer to Reality

KOMPAS.com – Plan of merging the two startup ride hailing Gojek and Grab reportedly getting closer to reality. According to a source with knowledge of the issue, the two parties have almost reached a point of agreement.

However, there are still a number of things that need to be negotiated. It is said that the talks between the two companies were carried out very privately by the respective company officials.

It was also stated that Masayoshi Son, CEO of Softbank Group – a major investor of Grab – was also in the conversation merger between Grab and Gojek.

Summarized KompasTekno from Bloomberg, Thursday (3/12/2020), it was stated that, according to one of the points of agreement, the founder and CEO of Grab, Anthony Tan, will become the CEO of the joint entity in the Southeast Asia region.

Also read: Telkomsel disburses Rp 2.1 trillion in funds to Gojek

Meanwhile, Gojek officials will run a joint business entity in the Indonesian territory and remain under the Gojek name.

It is likely that the two companies will operate separately for some time to come. The ultimate goal, the entity resulting from the merger of Gojek and Grab will become a public company.

Both Grab, Gojek, and SoftBank are reluctant to comment on the new rumors merger this.

Still needs regulatory approval

Talks merger between the two Grab and Gojek are reportedly going well. However, this agreement will still require approval from regulators and the government.

Because both are two companies decacorn in Southeast Asia, each with a valuation of more than 10 billion US dollars.

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