Gojek closes in on deal to buy 5% of taxi operator Blue Bird

Go-Jek motorcycle taxi drivers wait for customers in Jakarta, Indonesia. The deal would build on an existing partnership – closely held Gojek already offers taxi reservations for Blue Bird’s taxis on its app – as the companies face mounting competition from Singapore-based Grab Holdings Inc. — AP

Gojek, the Indonesian all-purpose supper app provider, is nearing an agreement to buy 5% of top local taxi operator PT Blue Bird, according to people familiar with the matter.

Gojek would pay about US$30mil (RM124.26mil), the people said, asking not to be named discussing a private matter. That implies a price of more than 20% above what Blue Bird closed at in Jakarta on Monday and would value the company at about US$600mil (RM2.48bil).