June 6 (Reuters) - Newly-launched sovereign wealth fund
Danantara Indonesia is in early talks with GoTo to get
a piece of U.S.-listed rival Grab's potential buyout of
the ride-hailing and food delivery firm, Bloomberg News reported
on Friday.
The fund is seeking a minority stake in the combined entity,
which could help ease the Indonesian government's concerns of
Singapore-headquartered Grab owning the country's biggest tech
firm, the report said, citing people familiar with the matter.
Indonesia's antitrust regulator last month started research
aimed at identifying risks from a possible deal between the tech
giants, who have yet to confirm merger talks.
Grab is looking to strike a deal in the second quarter, and
could value GoTo at around $7 billion, sources with knowledge of
the matter told Reuters last month.
The companies have made progress on the structure of the
deal, but talks had slowed down recently due to potential
regulatory demands, Bloomberg News said.
Indonesia launched Danantara in February, aiming to invest
in a wide range of projects from metal processing to artificial
intelligence. It will hold government stakes in state firms and
is intended to operate like Singapore's investment arm Temasek.
GoTo declined to comment, while Danantara Indonesia and Grab
did not immediately respond to requests for comments.