![]() ![]() ![]() ![]() Gojek were previously involved in talks to merge with fellow super-utility app Grab, although these discussions fell apart at the beginning of the year over concerns that the deal would spur accusations of monopolistic behaviour. However, neither company have confirmed this, nor given any statement regarding the deal. One report asserts that GoTo’s shares will be split 60-40 between the two founders, with Gojek controlling the larger share. The new firm will offer the core services previously provided by Gojek and Tokopedia individually, which include ride-hailing, food delivery, payments, and logistics. The deal, which is expected to close later this month, will see the two firms unite to create a combined entity named “GoTo”.Īccording to reports, GoTo will be headed by Gojek co-CEOs Andre Soelistyo and Kevin Aluwi, and Tokopedia president Patrick Cao and CEO William Tanuwijay. Indonesia-based tech start-ups Gojek and Tokopedia are reportedly in the final stages of a USD $18bn (£13.1bn) merger. Gojek and Tokopedia merge to create “GoTo” In today's ExchangeWire news digest: tech start-ups Gojek and Tokopedia merge to create "GoTo" Google's vice president of government affairs and policy urges the Biden administration to work more closely with the EU and games developer Tripledot Studios raise USD $78m in a Series A funding round. ![]()
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