Indonesian unicorn Traveloka said to suspend merger talks with Peter Thiel's SPAC

Indonesian unicorn Traveloka said to suspend merger talks with Peter Thiel's SPAC

Photo: Traveloka's LinkedIn page

Indonesian unicorn Traveloka has decided not to pursue talks to list in the US through a merger with Bridgetown Holdings Ltd, a special purpose acquisition company (SPAC) backed by billionaire Richard Li and Peter Thiel, DealStreetAsia has learnt.

The news was first reported by Bloomberg.

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