Reuters reveals Grab in talks to merge Indonesian payment firms to overtake Gojek | Reuters News Agency

Reuters reveals Grab in talks to merge Indonesian payment firms to overtake Gojek

Reuters was [first to report][1] that SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, to build heft and power to take on archrival Gojek. A deal would see Singapore-based Grab buy a majority interest in Ant-backed DANA from Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) and merge it with OVO, Reuters sources said.

[1]: Grab in talks to merge Indonesian payment firms to overtake Gojek

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia
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