Indonesia's GoTo denies merger talks with ride-hailing rival Grab
GRABGrab (GRAB) CNBC·2024-02-14 11:44

A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.'s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia's GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Photographer: Dimas Ardian/Bloomberg via Getty Images Indonesian tech giant GoTo on Tuesday denied it is in merger discussions with Singapore-based ride-hailing rival Grab. "The company would also ...