GoTo and Grab Are One Step Closer to Becoming “GROTO”

Key Summary:
- GOTO leadership changes paves the way for a merger deal
- TLKM's investment in GOTO at IDR270/share still at a loss
- Merger is positive, but draw regulatory and public scrutiny
The potential merger deal between GOTO and GRAB, which has resurfaced repeatedly over the past year and been denied by both companies, has intensified again.
This time, a new development emerged involving a corporate power struggle, where Bloomberg reported that major GOTO shareholders such as SoftBank, Provident and Peak XV are seeking to replace the Chief Executive Officer (CEO).