Gojek And Tokopedia Merger Deal Coming Soon

Illustration. (dock. Gojek)

JAKARTA - The merger process between Gojek and Tokopedia is becoming more and more a reality. Both companies are staying to ask for shareholder approval, as a condition of the merger deal has been approved.

According to some sources with knowledge of this, the terms of the merger deal have been approved. It also said the two companies would only complete the transaction in the next few weeks.

"All terms of the deal have been agreed. (The merger) brings two companies that are not competing against each other," a source said, as summarized by Reuters on Monday, April 12.

Previously reported, news of Gojek's merger with Tokopedia has been blowing up in recent months. Tokopedia's VP of Corporate Communications, Nuraini Razak himself did not dispute the news of the merger, only that he said that he did not want to speculate further.

"With regards to the question, we apologize. We do not respond to speculation in the market," Nuraini said in a brief message on March 9.

So far, these two unicorn startups have been supported by many large investors. Let's say Tokopedia gets a disbursement of funds from Alibaba, while Gojek gets investment from Tencent Holdings.

They also have the same investors, such as Temasek Holdings, Sequoia Capital, and Google. Bloomberg reported that the merger of Gojek and Tokopedia will reach 18 billion US dollars or around Rp263 trillion.

Fantastic numbers considering both companies are big platforms in Southeast Asia. Both offer e-commerce, expedition, public transport, food delivery and other services.