Gojek, Tokopedia to form combined company GoTo at up to $40b valuation

Indonesian app giant GoTo, which is set to be created through the proposed merger of unicorns Gojek and Tokopedia, could attract a valuation of around $30-40 billion, sources privy to the development told DealStreetAsia.

While Gojek is expected to hold a majority stake of around 58-60% in the new entity, the remaining will be held by e-commerce giant Tokopedia, they added.

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