Davis Polk & Wardwell and Assegaf Hamzah & Partners are advising Indonesian ride-hailing and payments firm Gojek on its planned merger with the country’s e-commerce leader Tokopedia, which is being represented by Allen & Overy.
According to Reuters, the merger will create a multi-billion-dollar tech company called GoTo in Indonesia’s largest-ever deal. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia's largest economy, will be the biggest privately held technology firm in the region, Reuters added.
GoTo will list in Indonesia and the United States later this year, Reuters reported, adding that the merger will herald a wave of Indonesian listings, with e-commerce company Bukalapak and travel app Traveloka expected to list this year.
The Davis Polk team is being led by Hong Kong-based corporate partner Miranda So.
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