(The author is a Reuters Breakingviews columnist. The opinions
expressed are her own.)
By Sharon Lam
HONG KONG, Jan 12 (Reuters Breakingviews) - The region’s hot
tech companies, Tokopedia, Grab and Gojek, are mulling
consolidation. Any of them could be swallowed by Singapore’s
$106 bln gaming-to-shopping giant Sea which has a war chest of
cash and rich stock. But boss Forrest Li has good reason to sit
back.
Full view will be published shortly.
On Twitter https://twitter.com/sharonlamhk
CONTEXT NEWS
- Indonesian ride-hailing and payments firm Gojek and
e-commerce company Tokopedia are in advanced talks for a $18
billion merger ahead of a potential dual listing in Jakarta and
the United States, Reuters reported on Jan. 5, citing sources.
Bloomberg earlier reported the news.
- Singaporean online gaming-to-shopping giant Sea on Dec. 11
announced the pricing of a roughly $3 billion follow-on issuance
of stock in New York. The company said it planned to use the net
proceeds for business expansion and potential strategic
investments and acquisitions, among other things.
- For previous columns by the author, Reuters customers can
click on LAM/
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Sea press release https://www.seagroup.com/investor/newsroom/170
BREAKINGVIEWS - Tokopedia neatly channels Indonesia’s potential
urn:newsml:reuters.com:*:nL1N2JF07W
BREAKINGVIEWS - Sea’s $55 bln valuation can rise with the tide
urn:newsml:reuters.com:*:nL4N2E90D4
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(Editing by Una Galani and Katrina Hamlin)
((sharon.lam@thomsonreuters.com; Reuters Messaging:
sharon.lam.thomsonreuters.com@reuters.net))