Air Asia to buy Gojek’s Thailand’s business forn67 million dollars


According to a stock exchange statement on Wednesday, Malaysian budget airline AirAsia Group has purchased two Thai technology firms from Indonesian ride-hailing and payments startup Gojek for US$50 million ($67.4 million) (July 7).
AirAsia SuperApp purchased 100% of the ownership stake in Velox Technology for US$40 million, while AirAsia Digital purchased the whole stock in Velox Fintech for US$10 million.
The purchases would be fulfilled, according to AirAsia, by the issuance of shares in AirAsia SuperApp, with the sellers subscribing to ordinary shares totaling 4.76 percent of AirAsia SuperApp.
Nikkei Asia reported, citing sources, that AirAsia is in discussions to buy Gojek’s Thai operations earlier this week. Gojek would share in AirAsia’s digital arm in exchange for the low-cost carrier acquiring Gojek’s Thai operations.
An agreement with the Indonesian unicorn startup comes only a week after the loss-making airline sought a digital banking license in Malaysia, suggesting a shift in focus away from traditional business. At the same time, the majority of its fleet remains grounded due to coronavirus restrictions.


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