Gojek, Tokopedia inch closer to largest ever Indonesian tech merger, seek shareholder nod
Photo: Tokopedia
Gojek and Tokopedia, two of Indonesia’s most valuable tech companies, have sought approval from their respective shareholders today to seal a merger deal after the boards of both companies gave the green light for the transaction to be finalised, multiple sources have told DealStreetAsia.
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Gojek shareholders could hold 60% in the merged entity, which may be valued at $35-40b.
Tokopedia may hold on to OVO stake even after potential Gojek merger, eyes synergy with GoPay
OVO is an important piece in the jigsaw for Tokopedia and Grab as both firms have no payments licence.
It is learnt that Tokopedia will sell its 41% stake in OVO if the $18b merger goes through.
Both companies are approaching the transaction as “a merger of equals”.
