Indonesia's antitrust agency, the KPPU, has commenced research aimed at identifying potential risks stemming from a possible merger between tech giants Grab and GoTo. This formal inquiry indicates a heightened level of regulatory scrutiny over the proposed consolidation in the Southeast Asian digital services market.
The antitrust body's investigation will assess the competitive implications of such a merger, particularly concerning market dominance in ride-hailing and food delivery. This development adds a significant regulatory hurdle to any potential deal between Grab and GoTo.
The outcome of the KPPU's research could influence the feasibility and terms of a merger, potentially requiring concessions or even blocking the transaction if it is deemed to harm competition. This introduces further uncertainty for investors monitoring the ongoing M&A speculation.
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