Gojek co-chief executive Andre Soelistyo, 37, will head the combined app giant. The target valuation in the public markets is between $US35 billion and $US40 billion, Bloomberg News has reported. The two companies are said to have discussed a variety of scenarios with a goal of listing in Jakarta and the US. Longer term, the combined entity may seek to go public. The companies together were valued at about $US18 billion ($23.2 billion) during their merger talks, with Gojek shareholders set to receive 58 per cent of the new entityРІР‚в„ўs ownership and Tokopedia holders the rest, people familiar with the matter said. as so-called super apps gain popularity in south-east Asia, a region of more than 650 million people. The companies are betting a larger size will help them better compete against rivals such as Sea Ltd. The two companies said on Monday that they would form a holding company called GoTo through a deal backed by shareholders including Google and Alibaba.Р”Р„fter months of talks, Gojek and Tokpedia have agreed merger terms. The combined entity is set to form an Indonesian powerhouse, encompassing businesses from car-sharing and fintech to online shopping and delivery. Jakarta | IndonesiaРІР‚в„ўs ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer Tokopedia to create the largest internet company in the worldРІР‚в„ўs fourth most-populous nation.

Tokopedia merger