Gojek, Tokopedia Reportedly Finalize Merger Today

TEMPO.CO, Jakarta - Rumor is rife that e-commerce platform Tokopedia and online ride-hailing giant Gojek are finalizing their merger process today. “The merger is in the process of requesting approval from stockholders,” said a Tempo source who claimed to know the inner workings of the merger on Friday, April 9.

Information about a merger went public after Gojek and Tokopedia managements announced it to their employees in a town hall meeting of the two companies. 

However, neither of them was willing to go on record about this rumor that has gained traction since 2020.

“We understand that there are many discussions in the media regarding this issue, but we currently cannot comment about it,” Gojek spokesperson Nila Marita wrote in a statement on April 9.

Marita said if there was any information related to the merger, Gojek would certainly inform the media and other stakeholders “as soon as possible,” she wrote. 

Tokopedia spokesperson Nuraini Razak was also tight-lipped about the rumor. “If the corporation [responds to the issue] we will certainly announce it to the public,” said Razak.

Previously, a plethora of media reports in Singapore spoke about both Gojek and Tokopedia could potentially gain value up to US$35-40 billion following the merger, and that a firm produced by the consolidation was said to be listed on the Indonesia Stock Exchange. 

Read: ICC Slaps Gojek with Rp3.3 Bn Fine for Being Late to Inform Loket.com Acquisition

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