Mr Son, who had been a steadfast supporter of Mr Tan in the past, is losing patience with the Grab co-founder's reluctance to cede some control and is now supporting a merger between Gojek and SoftBank-backed Tokopedia, the people said. The two home-grown tech pioneers have common investors, including Google, Temasek Holdings and Sequoia Capital India.The firms are valued at about US$10.5 billion and about US$7.
A deal between Gojek and Tokopedia is likely to face less regulatory opposition than the deal previously under consideration. The combination of Grab and Gojek would reduce competition in ride hailing, delivery and digital payments in South-east Asia, a prospect over which government officials have already expressed reservations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gojek, Tokopedia aim for $18 billion merger in first half of 2021 - sourcesIndonesian ride-hailing and payments firm Gojek and e-tailer PT Tokopedia are in advanced talks for a $18 billion merger that they aim to seal in the first half of 2021, two people with knowledge of the matter told Reuters on Tuesday. Gojek and Tokopedia did not immediately respond to Reuters' requests for comment. Bloomberg News earlier reported merger talks between Gojek and Tokopedia.
Source: YahooSG - 🏆 3. / 71 Read more »
Commentary: That Gojek and Tokopedia merger should have happened a long time agoIf two of Indonesia’s most valuable tech companies come together, they can take on bigger rivals. The question is whether this is too late, says ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Merger talks between Grab and Gojek off the tableAFTER lengthy negotiations, the proposed merger between two of South-east Asia's decacorns is said to be off the table, sources in Jakarta told The Business Times. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »