KONTAN.CO.ID - SINGAPORE. Indonesian ride-hailing and payments company Gojek and the country's leading e-commerce business Tokopedia are close to sealing their proposed merger as they prepare to seek formal shareholder approval, three sources close to the matter told Reuters on Friday. A deal that sources have previously pegged at $18 billion would create a technology powerhouse offering online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia's largest economy. Alibaba Group Holding and SoftBank Group Corp are among Tokopedia's investors, while Gojek's include Warburg Pincus and Tencent Holdings.
Reuters reported in January that Gojek and Tokopedia were in advanced merger talks ahead of a potential dual listing in Jakarta and the United States. If shareholder approval is received, the decade-old startups would then move to completing the transaction a few weeks later, one of the sources said on Friday. "The terms of the deal have all been agreed. This brings together two companies which didn't compete with each other," another source said. The sources declined to be identified because of the sensitivity of the matter. Baca Juga: Grab raises US$ 300 million for fintech arm's ambitious expansion Gojek and Tokopedia declined comment. Common investors in Gojek and Tokopedia include Singapore state investor Temasek Holdings, Sequoia Capital and Google .