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Indonesia’s internet start-ups Gojek and Tokopedia announce merger – CNBC

The new company will be led by Gojek’s Andre Soelistyo as group CEO and Tokopedia’s Patrick Cao will be group president.

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Indonesia ride-hailing and payments firm Gojek on Monday announced its merger with e-commerce player Tokopedia to form the GoTo Group.
Without disclosing the value of the transaction, Gojek claimed the agreement marked the largest business deal in the country’s history. The ultimate goal is said to be a potential IPO with an expected public markets valuation target between $35 billion and $40 billion, Bloomberg reported in February.
The new company will be led by Gojek’s Andre Soelistyo as group…

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