Indonesia's antitrust body looking into risks from reported Grab-GoTo merger

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Indonesia's antitrust agency has started research aimed at identifying risks from a possible merger between tech giants Grab NASDAQ:GRAB and GoTo IDX:GOTO , its head said on Wednesday. Muhammad Fanshurullah Asa in a statement said the agency would be able to conduct a thorough review once the merger takes place and both companies give notification of such action. The two firms have yet to confirm merger plans officially but the possibility of such a move has been widely reported in recent months. Sources with knowledge of the matter last week said the two firms were looking to strike a deal within the second quarter.

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