Gojek Reportedly Immediately Purchase 5% of Blue Bird Shares Worth 420 Billion Rupiah

Gojek it is reported that the acquisition of a 5% stake in PT Blue Bird Tbk (Blue Bird) is imminent. The value to be paid is around $30 million or the equivalent of 420 billion Rupiah, which is higher if you look at the company's market capitalization at the closing of the stock exchange per Monday (16/12) and around 6,8 trillion Rupiah.

This news was first released by Bloomberg. According to sources, this deal builds on a pre-existing partnership, since 2016. We all know that currently Blue Bird taxi services can be ordered using the application Gojek, via options Go-Blue Bird.

The company's actions are believed to be in line with its business strategy to continue to lead the market amid fierce competition with its rivals Grab. Strategic partnerships with local transportation companies are also implemented Gojek in Singapore. Last November 2019 they announced a strategic partnership with Trans Cab Services, to accommodate bookings of more than 3000 taxi fleets through the application. This service is promised to be effective as of December 2019.

On the other hand, right now Gojek still continuing to open opportunities for new participants in the series F funding round. With a target of $ 3 billion, it is currently reported already reached $2 billion, and will close in January 2020. Also submitted by the Commissioner Gojek Boy Thohir the company plans to do an IPO.

Ambition to be great app, Gojek continue to expand its service wings. Including by making acquisitions to a number of digital startups. The newest service Moka's point of sale, is in the stage of finalizing an acquisition worth 1,6 trillion Rupiah.