New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise 
SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched 
AirAsia, Malaysia’s budget carrier, is reportedly in the final stages of discussions to buy Gojek's business in Thailand. The deal with the Indonesian tech company will be another step for the fulfillment of the airline’s goal of generating growth in its digital business.
Industry insiders that have knowledge of the matter told Nikkei Asia that with the deal, Gojek is also modifying its regional business. The company is slowly reshaping its business since it announced its deal with Tokopedia in May. It is one of the biggest e-commerce platforms in Indonesia, and the strategic merger gave birth to GoTo Group.
The acquisition of AirAsia
It was reported that a source from the government shared that AirAsia’s acquisition of Gojek has been approved by the officials. With that, the deal between the companies may be announced soon, but it is also possible that there could be some delays.
Another source revealed that AirAsia and Gojek’s deal is about sharing what their companies have. In this case, it was said that the latter would take stakes in AirAsia’s Super App business. A different source with knowledge of the matter said the deal will be a share swap between Gojek and AirAsia, where Gojek takes stakes in AirAsia's super app business, and in turn, the airline will take over the tech company’s business in Thailand.
AirAsia Digital is already offering food and fresh food delivery in addition to courier services, payments, and e-commerce business. However, it does not have ride-hailing like the other big competitors in the market, so Gojek is a good investment for the company.
"In this way, AirAsia would make its foray into the ride-hailing business as well as expand its food delivery business, which is available in Malaysia and Singapore," an insider that cannot be named due to the confidential nature of the business stated.
The value and financial details of the deal
As per Reuters, AirAsia will be acquiring Gojek's business in Thailand for $50 million worth of shares in the carrier’s Super App unit that is said to be worth around $1 billion. As part of the agreement, the airline will then grant Gojek a 4.76 percent stake in AirAsia's lifestyle platform.
"By taking on Gojek's well-established Thai business, we'll be able to turbo-charge our ambitions in this space," Tony Fernades, AirAsia’s chief executive officer, said in a statement.
