GOTO Addresses Merger Speculation with Grab and Danantara

Official Statement on Merger Rumors

PT GoTo Gojek Tokopedia Tbk (GOTO), the Indonesian technology conglomerate, has issued a formal response to recent speculation regarding a potential merger with Grab and the possible involvement of Danantara, an investment management entity. In a statement released through the Indonesia Stock Exchange (BEI) information disclosure channel, GOTO's director R.A. Koesoemohadiani clarified that there is no new information to report regarding these speculative developments.

Company Position on Speculation

The statement emphasized that while there have been various rumors circulating in recent weeks about a possible merger between GOTO and Grab, as well as Danantara's potential involvement, the company remains committed to its previous public disclosures. Koesoemohadiani reaffirmed that GOTO supports the government's priority initiatives, maintaining a cooperative stance while adhering to official information disclosure protocols.

Market Context and Implications

This clarification comes amid significant interest in potential consolidations within Indonesia's technology and ride-hailing sectors. The speculation surrounding GOTO, Grab, and Danantara has been a topic of considerable discussion among industry observers and investors. GOTO's commitment to transparency through official channels suggests a cautious approach to market communications during this period of speculation.

Corporate Governance and Transparency

The company's emphasis on adhering to established information disclosure procedures underscores its commitment to maintaining investor confidence and regulatory compliance. By directing stakeholders to previously released information, GOTO demonstrates a focus on procedural transparency and measured communication in the face of market speculation.