Indonesia: Gojek, Tokopedia aim for US$18bil merger in first half of 2021


SINGAPORE, Jan 5 (Bloomberg/Reuters): Indonesian ride-hailing and payments firm Gojek and e-tailer PT Tokopedia are in advanced talks for a US$18 billion merger that they aim to seal in the first half of 2021, two people with knowledge of the matter told the media on Tuesday.

The merger would bring together two of the country's most valuable start-ups. The people said the merged entity would seek a joint listing in Jakarta and the United States.

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