Indonesia’s Gojek picks minority stake in taxi giant Blue Bird for $30m

Photo by Gojek

Indonesian ride-hailing major Gojek has confirmed the acquisition of a minority stake in the country’s largest taxi operator, Blue Bird, for 411 billion rupiah ($29.8 million), marking the startup’s foray into the conventional transportation game.

Gojek bought 108 million shares, or around 4.3 per cent, of the taxi operator for 3,800 rupiah per share.

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