https://apnews.com/fd6552eb97002ec356f220b2e6a94a64

SINGAPORE (AP) — Indonesian ride hailing company Gojek and e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group.

The companies said the deal was Indonesia's biggest ever, based on historical fundraising rounds for Gojek, priced in 2019 and Tokopedia, priced in early-2020, that put the combined past valuations of both companies at $18 billion.