Indonesia's Wealth Fund Weighs Role in $7 Billion Grab-GoTo Deal
Indonesia's sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd. 's planned $7 billion acquisition of GoTo Group, potentially allowing the country's government to own a slice of an Asian internet powerhouse.
Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter. That could help assuage concerns in the Indonesian government resulting from the sale of a national tech champion to Singapore's Grab, the people said.
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