Malaysia's AirAsia to buy Gojek's Thailand business for $50 mln

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Malaysia's AirAsia to buy Gojek's Thailand business for $50 mln
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Malaysian budget airline AirAsia Group (AIRA.KL) said its digital units have acquired two Thai technology businesses from Indonesian ride-hailing and payments firm Gojek for $50 million, according to a stock exchange filing on Wednesday.

Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng/File Photosaid its digital units have acquired two Thai technology businesses from Indonesian ride-hailing and payments firm Gojek for $50 million, according to a stock exchange filing on Wednesday.

AirAsia said the acquisitions will be satisfied by the issue of shares in AirAsia SuperApp, whereby the sellers will subscribe to ordinary shares representing 4.76% in AirAsia SuperApp. Under the deal, Gojek would take a stake in AirAsia's digital arm, while the low-cost carrier would acquire Gojek's business in Thailand.

 

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