UPDATED: Groups Reportedly Acquisition of Online Media Giants in Indonesia

We just received news that Groups, one of the big business conglomerates in Indonesia has acquired an online media giant in Indonesia. Para Group is one of the large conglomerates owned by Chairul Tanjung and has business sectors in banking (Bank Mega), media and entertainment (TransCorp), retail (Carrefour Indonesia) and Global Resource (mining and agriculture company). It is likely that the online media giant will become online arms for TransCorp's media division.

Deal This could be the biggest and most expensive acquisition high profile in the history of startups in Indonesia. We willUpdate article so get more information.

Major update

Today Detik finally confirmed the acquisition by Para Group. Although we didn't mention names beforehand, it seems readers of DailySocial already know which company we're talking about. A few days ago, Detik announced an internal acquisition and the news finally appeared to the public through newspapers (photo by tommyprass).

Bisnis.com stated that funders Detikcom Tiger Investment (39%) and Mitsui & Co (2%) wanted exit of the company and the acquisition is the best way for all parties. Detik has been rumored to be looking for a potential buyer since last year with Telkom who was rumored to be one of the bidders, when negotiations with Telkom did not go well they decided to negotiate with Transcorp through its parent company Para Group.

There are also anynomous rumors who said that Detikcom was valued at around US$60 million when they negotiated with Telkom, so it is likely that Detikcom's sale to Para Group would be at a price slightly below that amount.