November 13, 2025 | 09:59 am
TEMPO.CO, Jakarta - The possible merger between two ride-hailing giants, GoTo Gojek Tokopedia and Grab Holdings Inc.,is becoming clearer. The news, which first surfaced in early 2025 and was denied by both companies, has now been confirmed by the State Palace in Jakarta. Minister of State Secretary Prasetyo Hadi disclosed that the plan was among the topics discussed in a cross-ministerial and agency forum.
The government is currently drafting a presidential regulation on online motorcycle taxis, which will address driver protection and welfare, including accident and death insurance. The same forum also discussed the merger plan. “Yes, that’s one of the topics (being discussed),” Prasetyo said at the State Palace on Friday, November 7, 2025.
Not only did Prasetyo confirm the merger agenda, but he also revealed the involvement of Daya Anagata Nusantara (Danantara)—the state-owned investment management agency—in the GoTo-Grab merger plan. “Because there’s a corporate process involved as part of what’s being discussed,” he said.
GoTo previously denied the merger rumor in an information disclosure to the Indonesia Stock Exchange (IDX) in March, calling the reported Rp114.8 trillion (around US$6.8 billion) deal “pure speculation.”
GoTo Clarifies Rumors of CEO Replacement and Merger Plan with Grab
3 jam lalu
The GoTo General Meeting of Shareholders agenda will be presented by the company on November 25, 2025 after a thorough review process.
Today's Top 3 News: AGO Investigates Alleged Corruption in Telkomsel Investment in GoTo
16 jam lalu
Here is the list of the top 3 news on Tempo English today.
AGO Investigates Alleged Corruption in Telkomsel Investment in GoTo
1 hari lalu
The ongoing investigation involves Telkomsel's investment in GoTo during the 2020-2021 period.
Danantara Plans Rp371tn Investment in Agriculture to Support Free Meal Program
1 hari lalu
Beyond the MBG support allocation, Amran also stated that Danantara has agreed to a total investment of Rp371 trillion.
Danantara Boss Welcomes Rupiah Redenomination Plan
1 hari lalu
The Indonesian government is planning a rupiah redenomination. Danantara supports the proposal.
The Senior Officials Behind the Telkom-GoTo Transactions
1 hari lalu
There are many irregularities behind Telkomsel's purchase of GoTo shares. The Financial Services Authority has not been able to do anything.
How GoTo Spent Its Funding Injections
1 hari lalu
GoTo went on an active buying spree after receiving fresh funds from Telkomsel and its IPO proceeds.
Danantara Evaluates Commercial Return of Proposed GoTo-Grab Merger
1 hari lalu
Danantara will continue to provide support if the merger generates financial benefits for the company.
Danantara and Government's Roles in Addressing the High-Speed Train Debt Issue
1 hari lalu
COO Danantara Indonesia Dony Oskaria ensures the investment management body will take part in the negotiation of the high-speed train debt restructuring.
Short-Lived GoTo Share Price Surge
2 hari lalu
GoTo's share price climbed after the company claimed a profit in the third quarter of 2025. The market euphoria lasted only a day.
