Bridgetown Holdings: Surges on report of merger plans with Indonesia's PT Tokopedia

MoneyHero

15/12/2020 12:40

** Shares of blank-check acquisition co  BTWN.O  up ~25% at
$13.86 premarket 
    ** BTWN mulls merger with Indonesian e-commerce firm PT
Tokopedia, reports Bloomberg News, citing people familiar with
the matter  urn:newsml:reuters.com:*:nL4N2IV2TT
    ** Deal could value SoftBank Corp-backed  9434.T  Tokopedia
between $8 bln and $10 bln - report
    ** Talks are in early stage and Peter Thiel-backed
Bridgetown could still look at other potential targets -
Bloomberg News
    ** BTWN declined to comment while Tokopedia did not
immediately respond to a Reuters request for comment
    ** Up to Monday's close, stock had risen ~4% since BTWN went
public on Dec. 7

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.mehta@thomsonreuters.com))