Grab–GoTo Merger Tests Indonesia’s Competition Regulator — Fair Competition or Potential Monopoly?

Court: S.D. New York

Case: 1:22-cv-02189

Grab Holdings recently proposed the acquisition of GoTo. One of the most significant moves in Southeast Asia’s digital economy in years, and a major challenge for Indonesia’s competition regulator.

The deal could create a dominant force across ride-hailing, digital payments, and e-commerce, potentially limiting competition in several key sectors.

While it promises greater efficiency and consolidation, it also raises concerns about reduced competition and potential disadvantages for smaller players and consumers.

The big question now is whether the Indonesian Competition Commission (KPPU) has the tools to review and regulate such a high-stakes merger. With the region watching closely, this could set the tone for how Indonesia handles future tech consolidation.

In other news, Grab is still accepting claims over understating a significant drop in driver supply, which forced the company to boost incentives—hampering profits—and failed to disclose this properly in financial reports, leading to a roughly 44% revenue decline in Q4 2021.

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