Djarum's GDP Venture acquires Najwa Shihab's Narasi media group

What's the deal? Indonesia's Djarum GroupDealroom has a profile for this one. Try Dealroom →, owned by the Hartono family, has acquired PT Narasi Citra SahwahitaDealroom has a profile for this one. Try Dealroom →, the company behind digital media outlet NarasiDealroom has a profile for this one. Try Dealroom →, founded by TV presenter Najwa Shihab. The deal ran through PT Global Digital International (GDI)Dealroom has a profile for this one. Try Dealroom →, a financing and investment vehicle under Djarum's venture arm, GDP VentureDealroom has a profile for this one. Try Dealroom →.

The terms: The acquisition has been approved by all of the company's shareholders and was reported to Indonesia's Ministry of Law on September 2, 2026. Neither the transaction value nor the number of shares transferred has been disclosed.

Who's involved? PT Narasi Citra Sahwahita was founded in 2018 and houses Narasi, a digital media company set up by Dahlia Citra, Najwa Shihab, and Catharina Davy. Narasi was registered and verified by the Press Council on November 29, 2019.

Why now? The announcement was made to comply with Article 133 of Indonesia's Company Law No. 40 of 2007, later amended by the Job Creation Law No. 11 of 2020, which requires public disclosure of takeover plans.

The signal: The deal extends Djarum's media consolidation drive. GDI recently used the same vehicle to take control of KumparanDealroom has a profile for this one. Try Dealroom →, signalling a deliberate push to build a broader digital media portfolio in Indonesia.

Read more: katadata.co.id

Image credit: Cipta Media Bersama