Gojek, Tokopedia reportedly in talks for a USD 18 bln merger

Tuesday 5 January 2021 09:26 CET | News

Gojek and Tokopedia have reportedly discussed a USD 18 billion merger that they aim to seal in the first half of 2021, according to Reuters.

Sources say the merged entity would seek a joint listing in Indonesia and the US. The pair allegedly signed a term sheet in late December 2020 enabling them to conduct due diligence of each other’s business, but no deal had yet been agreed.

All the sources declined to be identified due to the confidential nature of the talks.

Gojek and Tokopedia did not immediately respond to Reuters' requests for comment.

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Keywords: Tokopedia, Gojek, ecommerce, ride-hailing, merger, super app
Categories: Payments & Commerce
Countries: Indonesia
This article is part of category

Payments & Commerce