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.
