03:14 PM EDT, 06/06/2025 (MT Newswires) -- Grab (GRAB) shares were up more than 2% Friday after Bloomberg reported that Indonesia's sovereign wealth fund Danantara is in talks to acquire a minority stake in an entity resulting from a merger between Grab and GoTo Group.

Danantara has entered preliminary discussions with GoTo, which could allay concerns of the Indonesian government regarding the deal, the report said citing people with knowledge of the matter.

Grab, which is backed by Uber Technologies ( UBER ) , and GoTo made progress on the deal, which has slowed down recently due to potential regulatory concerns, but Danantara's entry could increase the chances of receiving clearance on the deal, the people said.

GoTo and Danantara didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 5.18, Change: +0.12, Percent Change: +2.27