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HONG KONG: 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 sources.
The special purpose acquisition company (SPAC) is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the South-East Asian nation, the sources said.
The SoftBank Group Corp-backed firm could be valued at US$8bil to US$10bil in a transaction, said the sources.
Deliberations are at a preliminary stage and Bridgetown could still look at other potential targets, the sources said.
Thiel-backed Bridgetown SPAC weighs up to US$10B Tokopedia deal
Manuel Baigorri, Bloomberg News The PT Tokopedia logo at the company s offices in Jakarta, Indonesia. , Dimas Ardian/Bloomberg
Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesiaâs 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 US$8 billion to US$10 billion in a transaction, said the people, who asked not to be identified as the discussions are private.
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.
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