April 25, 2021 Our exclusive reporting in the past week was dominated by the unicorns amid a flurry of fundraising and deal activity. In Indonesia, two of the biggest unicorns, Gojek and Tokopedia, have been in talks to merge, and details of their union are still emerging. Our report this week says that Gojek is likely to hold a majority stake of up to 60% in GoTo. The combined entity, expected to be valued at some $40 billion, is expected to list on the Indonesian stock exchange first, amid talk of a second listing in the US. At the same time, Tokopedia is likely to divest its stake in Indonesian digital wallet OVO to Grab. OVO, in which Grab also has a stake, is understood to be a major sticking point in the merger talks with Gojek, which has its own payments platform.