Grab's plan to acquire Indonesia's GoTo has encountered regulatory hurdles, according to sources familiar with the matter. These challenges cast a cloud over the potential deal, which aims to create a dominant ride-hailing and food delivery company in Southeast Asia.
The regulatory obstacles in Indonesia are a significant factor, as the country's antitrust agency has already initiated research into the risks of such a merger. This scrutiny highlights concerns over market concentration and competition within the digital economy.
The presence of regulatory hurdles suggests that any path to a merger would be complex and potentially lengthy, requiring concessions or adjustments to satisfy competition authorities. This development introduces further uncertainty regarding the feasibility and timeline of a Grab-GoTo consolidation.
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