- Deal will value AirAsia SuperApp at $1 bln
- Gojek to focus on increasing investment in Vietnam, Singapore
- AirAsia shifting focus to digital businesses during pandemic
KUALA LUMPUR/BANGKOK, July 7 (Reuters) – Malaysian budget carrier AirAsia Group (AIRA.KL) said it will buy Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap, giving Gojek a 4.76% stake in the airline’s lifestyle platform.
AirAsia will acquire Gojek’s business in return for $50 million worth of shares in AirAsia SuperApp, valuing the division at around $1 billion, more than the pandemic-hit airline’s current market value of $868 million at a time when it has been looking to raise more capital.
The agreement with the Indonesian startup unicorn comes just a…