Corporations have been busy striking merger and acquisition deals this year, in the belief that the transactions will strengthen their business, ease cost pressures, and offer new opportunities.
AirAsia’s deal with Gojek Thailand brings it closer to its ‘Super App’ dream
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AirAsia will be buying Gojek’s Thailand business in a stock swap.
It could, in turn, give Gojek a boost in Thailand where the startup has lagged in food delivery and ride-hailing competitors.
Gojek will focus on increasing investment in Vietnam and Singapore after the deal is completed.
The low-cost airline considers listing of its digital arm via a SPAC in the United States to raise at least US$300 million.
AirAsia Group Bhd’s digital ambitions looks set to soar to greater heights with its first major cross-border acquisition. Through AirAsia Digital Sdn Bhd (AAD), the company has acquired Indonesian unicorn Gojek’s Thailand business. At the same time, the digital arm of the low-cost carrier is considering listing in the US via a special-purpose acquisition company (SPAC) to raise at least US$ 300 million.
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