GoTo on Potential Merger with Grab Indonesia: No Deal Yet

TEMPO.CO, Jakarta - Homegrown tech giant PT GoTo Gojek Tokopedia Tbk (GOTO) Secretary R.A. Koesoemohadiani has addressed the stock exchange regarding news of a potential business merger with Grab Indonesia. She confirmed that their company has received offers from various parties but stopped short of revealing the identities of these parties.

"This is confidential, non-binding, and still at a very early stage, and is often communicated informally, both directly and indirectly," she said in a disclosure to the Indonesian Stock Exchange on Friday, May 16, 2025.

In a previous statement, GOTO management affirmed their obligation to explore various business opportunities. This process includes a thorough evaluation of all offers received, but no agreement has been reached yet. "There is no agreement between the Company and any party," she stated in a disclosure to the Indonesian Stock Exchange on Thursday, May 8, 2025.

According to Koesoemohadiani, this cautious approach aims to maximize the benefits of any potential cooperation if a business plan is realized. She emphasized that management is focused on the company's long-term sustainability, including increasing value for all shareholders.

"By considering the best interests of driver partners, MSME partners, customers, employees, and all key stakeholders," Koesoemohadiani explained.

Nevertheless, Koesoemohadiani reiterated that no agreement has been reached regarding any of the business offers received so far. "The Company has not made any decisions regarding offers that may have become known to or received by the Company," she said.

Grab's Response to Merger Rumors with Gojek

Grab Indonesia has also responded to the reports of a potential business merger with the technology company PT GoTo Gojek Tokopedia Tbk (GOTO). Grab stated that the merger information is not based on verified facts.

"The speculation is not based on verified information, so we cannot address it further," said Tirza Munusamy, Chief of Public Affairs for Grab Indonesia, in a written statement on Thursday, May 15, 2025.

Tirza also addressed public perceptions of Grab's presence in Indonesia as a form of "foreign domination." She clarified that Grab Indonesia operates as a Foreign Direct Investment (PMA), a type of investment regulated and permitted by the Indonesian government. PMA is a common legal structure used by global companies investing in Indonesia and has become an important contributor to national economic growth by driving large-scale business expansion, accelerating technology adoption, and supporting innovation across various sectors.

Although legally a PMA, Tirza emphasized that Grab Indonesia's operations are managed by local talent. She stated that currently, 99 percent of all Grab Indonesia employees are Indonesian citizens who reside and work full-time in Indonesia.

"Only 1 percent of the management personnel at Grab Indonesia is a foreign national; the rest are Indonesian citizens," Tirza noted.

According to Tirza, this reflects Grab's commitment to empowering and entrusting leadership roles to Indonesian professionals in operational, strategic, and business decision-making. "We are proud that Grab Indonesia is a collective effort of Indonesians for Indonesia," she concluded.

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