Briefing
asia e-commerce markets

Thiel-Backed Spac Mulls $10 Billion Tokopedia Deal

By
Juro Osawa
· · Source: Bloomberg

Bridgetown Holdings, a special purpose acquisition company backed by billionaire investor Peter Thiel, is considering a merger with SoftBank-backed Indonesian e-commerce startup Tokopedia, Bloomberg reported. It could value Tokopedia at as much as $10 billion, the report said. The share price of New York-listed Bridgetown surged 26% on the report. Such a deal for Tokopedia would be the...

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