Gojek, Tokopedia aim for $18 billion merger in first half of 2021 - sources

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Gojek and Tokopedia are in advanced talks for a US$18 billion merger that they aim to seal in the first half of 2021, sources said.

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Gojek in talks with Tokopedia for US$18b merger: sources[SINGAPORE] Indonesia's ride-hailing and payments giant Gojek is in advanced discussions about merging with local e-commerce pioneer Tokopedia, ahead of a planned initial public offering (IPO) of the combined entity, according to people with knowledge of the matter. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 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 »