Gojek-Grab said about ‘Marriage’ IDR 1,000 Trillion

Jakarta –

Gojek and Grab open a voice on the news that the two parties have reached an agreement for a business merger or merger. The info, two startup companies biggest on Southeast Asia it has narrowed their differences of opinion, although some parts of the agreement still need to be negotiated.

Quoting Bloomberg, Wednesday (2/12/2020), final details are being worked out among the most senior leaders in each company with the participation of Masayoshi Son of SoftBank Group Corp., Grab’s main investor.

“We cannot respond to the rumors circulating in the market,” said Gojek Chief Corporate Affairs Nila Marita through a written statement received detikcom, Thursday (3/12/2020).

Nila said that Gojek’s business fundamentals are getting stronger even during the pandemic. Some of their services, he explained, had recorded positive margin contributions.

“We continue to prioritize sustainable growth to provide the best service to our users and partners throughout our operations,” he said.

Grab, through Communications Senior Manager Grab Indonesia Dewi Nuraini, also stated that the news of the merger with Gojek was only market speculation.

“Thanks for the question but we are not commenting on the speculation circulating in the market,” he added.

The news of the planned merger alias merger Grab and Gojek indeed continues to blow hard. Since this issue was first raised last year, news of the merger of the two transportation technology companies has been growing.

Previously reported by Tech in Asia, if the two companies merge, it could generate a turnover of up to US $ 16.7 billion or the equivalent of Rp.240 trillion per year. The valuation even reaches US $ 72 billion, or around Rp. 1,000 trillion, assuming an exchange rate of Rp. 14,500 in 2025.

(toy/eds)

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