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.