Indonesian govt agency to scrutinise Gojek-Tokopedia merger to avoid tech monopoly
JAKARTA (Reuters) – Indonesia’s anti-trust agency (KPPU) on Thursday talked about it would scrutinise the multi-billion dollar merger of the nation’s startups Gojek and Tokopedia to check for potential monopolistic behaviour.
Ride-hailing and funds agency Gojek and e-commerce chief Tokopedia launched their merge earlier this week proper right into a tech agency GoTo in Indonesia’s largest-ever deal.
The combined entity, which might span on-line procuring, courier suppliers, ride-hailing, meals provide and totally different suppliers in Southeast Asia’s largest financial system, could be the best privately held experience agency throughout the space.
Gojek and Tokopedia did not immediately reply to requests for comment.
The KPPU talked about neither agency has given the agency uncover regarding the merger, nonetheless they’re allowed to notify authorities 30 days after the transaction.
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