Indonesia's Gojek and Tokopedia announce merger to form GoTo

Gojek and Tokopedia, Indonesia’s two most valuable tech companies, on Monday announced they are merging their businesses in what is the country’s largest-ever business deal. GoTo Group, the combined entity, will offer everything from e-commerce to on-demand services, such as ride-hailing and food delivery, and financial services. 

The transaction, which follows months of negotiations and comes ahead of a planned dual listing, is the largest between two Asia-based internet media and services companies to date, according to a joint statement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter