Tokopedia may sell its OVO stake to Grab to speed up merger with Gojek

Indonesian homegrown e-commerce platform Tokopedia is looking to divest its stake in the digital wallet OVO to Grab to safeguard its planned merger with the ride-hailing decacorn Gojek, sources privy to the matter told DealStreetAsia.

The fate of OVO, currently part-owned by Grab, has been a major sticking point in the Gojek-Tokopedia merger talks, even as both companies have approached their respective shareholders for the green light to seal a deal.

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