JAKARTA – Speculation about Grab's potential acquisition of a majority stake in PT GoTo Gojek Tokopedia Tbk (GOTO) has resurfaced among market participants.

According to sources cited by Bloomberg on Tuesday (18/3), Grab has begun the due diligence process on GOTO's financial and operational reports.

Grab and GOTO are also reportedly conducting an initial assessment of the potential share takeover, including the value of the acquisition transaction.

However, the sources familiar with the due diligence and initial assessment processes have not confirmed whether this evaluation will lead to a final decision.

Representatives from both Grab and GoTo have declined to comment and have not released an official statement regarding the matter.

As previously reported by IDNFinancials.com, rumours of Grab's interest in acquiring GOTO shares resurfaced in early February 2025.

At that time, Grab was said to be considering acquiring GOTO at a valuation exceeding USD 7 billion. However, some analysts believe that Grab’s acquisition of GOTO could face legal challenges under Indonesia’s anti-monopoly laws. (KR/ZH)