Live on Bloomberg TV

00:00What do we know at this stage. Yeah so sources have told us that the two companies are in advanced talks for a merger. This is a surprise. We. We found about this recently. The plan is to merge the two businesses and then seek listing in the U.S. and Indonesia. Now the CEOs both companies have said in the past in my interviews last year as well that they like to seek you a listing because they see themselves as local champions in Indonesia. And the companies would like to offer a chance to their customers and employees to be able to own and invest in their own companies. So this is a significant move that would create a unique tech company in Indonesia that has different types of businesses. It's a bit of bite hailing e-commerce food delivery and digital payments. So you know this and it would also create probably the seventh or seventh or sixth largest listed company in the country.

No schedule data available.

Gojek in Talks With Tokopedia for $18 Billion Merger

Indonesia’s two most valuable startups, ride-hailing and payments giant Gojek and e-commerce pioneer PT Tokopedia, are said to be in advanced discussions about a merger. Bloomberg’s Yoolim Lee reports on “Bloomberg Markets: China Open.” (Source: Bloomberg)

More From Bloomberg Markets
All episodes and clips