Indonesia’s ride-hailing and payments platform. In Dec 2020, it was reported that Tokopedia were considering going public through a SPACs-merger with Bridgetown Holdings (NASDAQ:BTWN) backed by Peter Thiel and Richard Li. Both Gojek and Tokopedia are also reviewing options for the payments businesses OVO, in which Tokopedia and its affiliates own a 41% stake, and Gojek's GoPay, in the event of a merger, the people mentioned above said. Found inside – Page i"--Elaine Scarry, Harvard University "This is a substantial, even brilliant, contribution to the literary history of midcentury America. Mark Greif is a bold, idea-intensive critic. Join our, SPACs, the Year’s Hottest Investment Vehicle: Bloomberg 50, Why Blank Check Companies (SPACs) Are Filling Up Fast: QuickTake. Share with friends. Plus, U.S. remittances to Mexico reach a record-high $4.54 billion... You have successfully joined our subscriber list. Bridgetown's shares jumped 18%. Bridgetown has also held talks with other Southeast Asian companies in the last few months . 1 Min Read. Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. Let us know in the comment below. NEW PYMNTS DATA: TODAY’S SELF-SERVICE SHOPPING JOURNEY – SEPTEMBER 2021. Located in Los Angeles, California. Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal. Name. To reach areas that are not yet accessible to the internet, Tokopedia relies on millions of stall partners who are present in more than 500 districts/cities. Bloomberg mengabarkan Traveloka . Jakarta, CNBC Indonesia - Perusahaan raksasa aplikasi sewa hotel dan pariwisata Traveloka dikabarkan mengubah rencana penawaran umum perdana atau IPO sahamnya. About: Eighty percent of consumers are interested in using nontraditional checkout options like self-service, yet only 35 percent were able to use them for their most recent purchases. The special purpose acquisition company is . ticker BTW.N (minus the dot of course) This is a Thiel backed SPAC that is currently targeting Tokopedia. BTWN Stock: Bridgetown Holdings Soars on Tokopedia SPAC Merger News. The company raised US$ 550 million from the IPO. Blank-check acquisition firm Bridgetown Holdings is considering a deal with the Indonesian eCommerce firm Tokopedia, Reuters reported on Tuesday (Dec. 15), citing sources.. Late Wednesday, Tokopedia said it was . Indonesia's largest e-commerce firm Tokopedia has received a merger approach from blank-check acquisition firm Bridgetown Holdings Ltd, but hasn't decided whether to pursue a deal, a source with knowledge of the matter told Reuters. Made with coffee & love by Mime Studio © All rights reservd. Jakarta, Beritasasatu.com-Traveloka, perusahaan rintisan asal Indonesia, membatalkan rencana aksi penawaran umum saham perdana (initial public offering/IPO) di bursa saham Amerika Serikat (AS) Wall Street melalui perusahaan cangkang atau special purpose acquisition company (SPAC), Bridgetown Holdings, Ltd.Melansir dari Bloomberg pada Selasa (7/9/2021), Dewan Direksi Traveloka yang tidak ingin . The two have been discussing a merger since 2018 and stepped up negotiations after Gojek’s potential merger with Grab stalled. Son is now backing a tie-up between Gojek and Tokopedia, the sources told Bloomberg. (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. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Both Bloomberg and Reuters reported Tuesday that Tokopedia was in talks about potentially going public via a merger with a SPAC called Bridgetown Holdings (BTWN), which was created by the . You also have the option to opt-out of these cookies. June 9, 2021 by Leave a Comment . “They (stall partners) can sell pulses, tickets and receive electricity payments,” William said. “It’s only a matter of time to reach all parts of Indonesia,” he said in an event at the Indonesia Digital Conference 2020 held by the Indonesian Cyber ​​Media Association (AMSI), Tuesday (15/12). The Tokopedia initial public offering . Tokopedia CEO William Tanuwijaya said that the unreached 2% generally do not have internet or electricity access. Blank-check acquisition firm Bridgetown Holdings is considering a deal with the Indonesian eCommerce firm Tokopedia, Reuters reported on Tuesday (Dec. 15), citing sources. Author of the article: Reuters. Tokopedia, one of south-east Asia's biggest start-ups, has said it plans to go public in a test of Indonesia's ability to produce . Join the discussion below in the comment box. In doing so, Tokopedia may inspire fellow Indonesian unicorns to follow suit. Bridgetown Holdings (NASDAQ: BTWN) is a blank-check company that is actively looking to acquire other companies that it believes have tremendous business potential. Tokopedia, backed by SoftBank Group Corp and Alibaba Group Holding, declared plans earlier this year to start preparing for a public listing but is facing increasing competition from SEA's Shopee, the biggest e . Jakarta. Find the latest Bridgetown Holdings Limited (BTWNU) stock discussion in Yahoo Finance's forum. About Bridgetown Holdings Limited. Bridgetown Holdings Reportedly Reviewing Merger with Tokopedia. Grab CEO Anthony Tan dodged pressure by SoftBank’s Masayoshi Son to dial back control of the combined firm, the sources said. Two weeks ago, Barron's reported that Bridgetown was looking to potentially acquire Indonesian e-commerce firm Tokopedia -- but no deal has been announced yet. Detweiler, a former director of Bankcard Holders of America, draws on her years of expertise in counseling consumers with credit problems to write the definitive handbook on how to have more credit, get out of debt, and live a lifetime of ... The combined company would dominate Indonesia. Bridgetown holdings, backed by billionaire Richard Li and legendary US investor Peter Thiel, is considering a merger with Indonesian e-commerce giant Pt tokopedia, people familiar with the matter said today. United States Senator Tom A. Coburn, M.D. (R-Oklahoma) presents his compiled list of 100 projects and their details, that he points to as examples of the federal government's poor money management and wasteful spending in 2012. Conditions. Meanwhile, Tokopedia obtained funding from Google and a Singapore-owned investment company, Temasek Holdings, last October. These plans may now be expedited as the e-commerce major has reportedly received acquisition interest from Bridgetown Holdings, a special purpose acquisition company (SPAC) backed by Richard Li and Peter Thiel, Bloomberg first reported last week. 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. Shares of Bridgetown Holdings (NASDAQ:BTWN) stock rocketed as much as 25% higher Tuesday morning after reports broke that the special purpose acquisition company (SPAC) is considering a merger with Indonesia's e-commerce giant PT Tokopedia. (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 . Bridgetown raised about $595 million in an October public offering. About Tokopedia: Bloomberg reported Bridgetown in early talks to acquire Tokopedia, a leading ecommerce company in Indonesia at a valuation of up to $10 billion. C/O 38TH FLOOR CHAMPION TOWER 3 GARDEN ROAD, HONG KONG, Hong Kong +852 25148888. SINGAPORE - Indonesia's largest e-commerce firm Tokopedia has received a merger approach from blank-check acquisition firm Bridgetown Holdings Ltd, but hasn't decided whether to pursue a deal, a . was mulling a deal with Tokopedia. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Pengguna Tokopedia bertransaksi melalui gawai di Jakarta, Senin (4/5/2020). Key Executives. Early-investor in Tencent, Sohu, Sina, and CompareAsia Group and late-stage investor in Chegg, 91.com, PPStream, Tokopedia amd Tiki. Blank-check acquisition firm Bridgetown Holdings Ltd is considering a potential merger with Indonesian e-commerce firm PT Tokopedia, Bloomberg News reported https://www.bloomberg. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things. “This is potentially a blockbuster deal,” Usman Akhtar, a partner at Bain & Co. in Singapore, told Bloomberg. between Gojek and SoftBank-backed Grab — Indonesia’s most valuable startups with a combined valuation of $25 billion — stalled over a power struggle. The valuation of this Indonesian e-commerce startup is said to be US$ 8 billion to US$ 10 billion. 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 . Alphabet Inc.’s Google and Temasek Holdings Pte invested about $350 million in Tokopedia, people familiar with the matter have said. The tie-up between Gojek — valued at $10.5 billion valuation — and Tokopedia — valued at $7.5 billion — would create a combined company worth $18 billion, the sources said. I don't have the time for a full DD on this one, but I think this will be a good play if all things align. Bridgetown raised $550 million in a U.S. initial public offering in October, following other so-called blank-check companies such as those associated with billionaire investor Bill Ackman and former U.S. House Speaker Paul Ryan. The merger also allows IPOs on two stock exchanges or dual listings, namely in the US and Indonesia. “The deal would have a lot of impact outside of these two companies and have ripple effects that aren’t even all known right now.”. The Female Run Immigrant Kitchen Making a Comeback Amid the Coronavirus Pandemic; Should a deal between the two parties go-ahead Tokopedia would effectively reverse into the shell company created by Thiel and Li. Bridgetown did not respond to requests for comment. Bridgetown has also held talks with other Southeast Asian companies in the last few months, but hasn't finalised a merger, said the source, who declined to be . December 15, 2020. Share your opinion and gain insight from other stock traders and investors. Bridgetown Holdings. In the IPO prospectus, the company stated that its business focus is the technology, financial services, or media sectors in Southeast Asia. It is mandatory to procure user consent prior to running these cookies on your website. This is done by using satellites and building more Base Transceiver Station (BTS) towers. The special purpose . Dec 15 (Reuters) - Blank-check acquisition firm Bridgetown Holdings Ltd is considering a potential merger with Indonesian e-commerce firm PT Tokopedia, Bloomberg News reported here on . The estimated valuation of the post-merger company is between 8 and 10 billion USD. It has strong parentage . Peter Thiel Backed Bridgetown Holdings BTWN Weighs Merger With Tokopedia. E-commerce platforms including Tokopedia, Alibaba’s Lazada Group and Shopee -- a unit of Singapore-based Sea Ltd. -- have been some of the beneficiaries of coronavirus-driven lockdowns this year as they moved quickly to serve the millions of people forced to make their first online purchases while staying home. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Blank-check acquisition firm Bridgetown Holdings is considering a deal with the Indonesian eCommerce firm Tokopedia, Reuters reported on Tuesday (Dec. 15), citing sources. Bridgetown Holdings Ltd is a blank check company. Found insideFeaturing the O. Henry Prize–winning short story “Windeye,” this collection of Brian Evenson’s masterful stories “involve impossible scenarios and alternative realities” that are “always surprising” (Bookforum). SINGAPORE, Dec 15 (R) - Indonesia's largest e-commerce firm Tokopedia has received a merger approach from blank-check acquisition firm Bridgetown Holdings Ltd BTWN.O, but hasn't decided.. Shares of Bridgetown Holdings (NASDAQ: BTWN) stock rocketed as much as 25% higher Tuesday morning after reports broke that the special purpose acquisition company (SPAC) is considering a merger.. Last month, blank-check acquisition company Bridgetown Holdings was mulling a deal with Tokopedia. Kas tai? According to the source, Li is already a minority investor in Tokopedia. Publishing date: Dec 15, 2020 • December 15, 2020 • < 1 minute read • Join the conversation. “The discussion is still at an early stage,” was quoted as saying by Bloomberg, Tuesday night (15/12). Merger ratios giving both Gojek and Tokopedia “substantial equity ownership” are now being discussed, the sources said, as there was not enough agreement between Gojek and Grab to sign a term sheet. The special purpose acquisition company (SPAC) Bridgetown Holdings, which raised $550 million in an IPO in October is believed to have approached Tokopedia with a view to taking the business public. He also said that Bridgetown has the opportunity to study other companies that will be invited to consolidate. - ANTARA FOTO/Puspa Perwitasari. Bisnis.com, JAKARTA - Tokopedia dikabarkan sedang dilirik oleh Bridgetown Holdings Ltd., perusahaan yang didukung oleh miliarder Richard Li dan Peter Thiel, yang mempertimbangkan kemungkinan merger.. Adapun, Richard Li merupakan pendiri Pacific Century Group dan Peter Thiel adalah co-founder PayPal bersama Max Levchin. Data from the Ministry of Communication and Informatics (Kominfo) shows that there are 12,548 villages that have not had access to the fourth generation internet network, aka 4G or blank spots. 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. BTWN is currently trading at $13.08, up $2.00 or 18.05%, on the Nasdaq. (RTTNews) - Shares of Bridgetown Holdings Ltd. (BTWN) are currently jumping over 18% on report that the special purpose acquisition company is exploring a merger with Indonesia-based e-commerce . These cookies do not store any personal information. Contemporary Fashion Illustration Techniques thoroughly describes the basics of fashion illustration, and covers the latest trends such as vivid images, sprightly movement, and garment material texture. Representatives for Bridgetown and Tokopedia declined to comment. A potential merger with Tokopedia would also be in-line with the strategy that Bridgetown set out in its prospectus: to focus on a target in the technology, financial services or media sectors in Southeast Asia.
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