Indonesia's Gojek, Tokopedia announce merger in country's biggest deal

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

SINGAPORE: Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger on Monday (May 17) in a transaction ...

17 May 2021 02:17PMSINGAPORE: Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger on Monday in a transaction that would create a technology powerhouse in the country's largest deal.

Sources familiar with the situation had earlier said the companies were seeking a US$18 billion merger. Neither firm confirmed a valuation for the merged group, named GoTo.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines