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Thiel-backed Bridgetown SPAC mulls up to $10b Tokopedia deal

Thiel-backed Bridgetown SPAC mulls up to $10b Tokopedia deal Photo: Tokopedia Premium Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month.

Hong kongBridge townSaint michaelBill ackmanPeter thielRichard liPaul ryanTemasek holdings pteSoftbank group corpAlibaba group holding ltdGroup ltdBridgetown holdings ltdAlibaba lazada groupAlphabet incSea ltdPacific century group

Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal

Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal Bloomberg 12/15/2020 © Bloomberg The PT Tokopedia logo at the company s offices in Jakarta, Indonesia. (Bloomberg) Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter. The special purpose acquisition company is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the southeast Asian nation, the people said. The SoftBank Group Corp.-backed firm could be valued at $8 billion to $10 billion in a transaction, said the people, who asked not to be identified as the discussions are private.

Hong kongBridge townSaint michaelJakarta rayaBill ackmanPeter thielRichard liPaul ryanTemasek holdings pteHoldings ltdSoftbank group corpAlibaba group holding ltdGroup ltdAlibaba lazada groupAlphabet incSea ltd

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