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Business deals

AirAsia to take over Gojek's business in Thailand

Malaysia carrier furthers its "superapp" ambitions via deal with Indonesia unicorn

AirAsia is looking to grow in Thailand's food delivery market as Gojek shifts its focus to Vietnam and Singapore. (Source photos by AFP/Jiji and Getty Images) 

KUALA LUMPUR/JAKARTA -- AirAsia is to acquire Indonesian unicorn Gojek's business in Thailand as the low-cost Malaysia airline steps up its digital ambitions.

Confirming an earlier report by Nikkei Asia, Gojek and AirAsia announced an all-share deal on Wednesday that will see the Indonesian tech group take a 4.76% stake in AirAsia's own "superapp" business, in newly issued shares, in exchange for its Thai business.

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