Gojek and Tokopedia close to creating Indonesian tech champion: sources
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Singapore
INDONESIAN ride-hailing and payments company Gojek and the country's leading e-commerce business Tokopedia are close to sealing their proposed merger as they prepare to seek formal shareholder approval, three sources said on Friday.
A deal that sources have previously pegged at US$18 billion would create a technology powerhouse offering online shopping, courier services, ride-hailing, food delivery and other services in South-east Asia's largest economy. Alibaba Group and SoftBank Group are among Tokopedia's investors, while Gojek's include Warburg Pincus and Tencent Holdings. Reuters reported in January that Gojek and Tokopedia were in advanced merger talks ahead of a potential dual listing in Jakarta and the United States.
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