Thiel-backed Bridgetown SPAC weighs US$10bil Tokopedia deal


HONG KONG: Bridgetown Holdings Ltd, the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to sources.

The special purpose acquisition company (SPAC) is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the South-East Asian nation, the sources said.

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