Malaysia’s AirAsia acquires Gojek’s Thai business in $50m stock swap deal

Photo by Afif Kusuma on Unsplash

Malaysia’s budget airline carrier AirAsia Group is acquiring Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap deal, which would result in Gojek owning a 4.76% stake in AirAsia’s lifestyle platform. 

AirAsia will acquire Gojek’s business for $50 million worth of shares in AirAsia SuperApp Sdn Bhd, valuing the division at around $1 billion. 

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