Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal
- Bridgetown is exploring merger feasibility with the startup
- Tokopedia could be valued at $8 billion to $10 billion in deal
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Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter.
The special purpose acquisition company is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the southeast Asian nation, the people said. The SoftBank Group Corp.-backed firm could be valued at $8 billion to $10 billion in a transaction, said the people, who asked not to be identified as the discussions are private.