Indonesia’s Danantara Considers Minority Stake in Grab’s $7 Billion GoTo Deal Amid Alibaba and Tencent Cloud Migrations
Indonesia's sovereign wealth fund, Danantara, is considering acquiring a minority stake in the proposed $7 billion acquisition of GoTo Group by Singapore-based Grab. This potential investment could allow the Indonesian government to hold a share in one of Asia's leading internet companies and may help address concerns about foreign control over Indonesia's top tech firm. Meanwhile, GoTo Group has been actively migrating its financial infrastructure to various cloud service providers, including Alibaba Cloud and Tencent Cloud, with recent moves involving data centers in Jakarta. These cloud migrations reflect GoTo's ongoing efforts to enhance its technology infrastructure amid the merger talks.
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Tech in Asia
GoTo completed major cloud migration to Tencent Cloud in Jakarta https://t.co/GWyUCA2AIQ
amit $GRAB BREAKING: Indonesia's Sovereign Wealth Fund is considering acquiring a minority stake in a combined entity between Grab and GoTo. Alright folks, this is one of the most bullish updates in this ongoing saga around Grab and GoTo...we've got some things to analyze: If you https://t.co/Z3r9o7wbLd
Wall St Engine INDONESIA’S NEW SOVEREIGN FUND MULLS STAKE IN $GRAB-GOTO MERGER Danantara is in early talks to back Grab’s potential $7B buyout of GoTo, per Bloomberg. The move could ease concerns over Singapore-based Grab controlling Indonesia’s top tech firm. Deal talks continue, but face
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