Indonesia’s Sovereign Fund Weighs Role in Grab-GoTo Deal

Indonesia’s sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd.’s planned $7 billion acquisition of GoTo Group, potentially allowing the country’s government to own a slice of an Asian internet powerhouse.

Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter. That could help assuage concerns in the Indonesian government resulting from the sale of a national tech champion to Singapore’s Grab, the people said.