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Indonesia's Gojek, Tokopedia announce merger in country's biggest deal

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Reuters

SINGAPORE - Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger on Monday in a transaction that would create a technology powerhouse in the country&#x27;s largest deal.Sources familiar with the situation had earlier said the companies were seeking a $18 billion merger. Neither firm confirmed a valuation for the merged group.Alibaba Group Holding and SoftBank Group Corp are among Tokopedia&#x27;s investors, while Gojek&#x27;s include Warburg Pincus and Tencent Holdings. <div>(Reporting by Anshuman Daga: Editing by Neil Fullick and Kenneth Maxwell)</div>

Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger on Monday in a transaction that would create a technology powerhouse in the country's largest deal.

Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger on Monday in a transaction that would create a technology powerhouse in the country's largest deal.