In today’s briefing:
- GoTo Gojek Tokopedia (GOTO IJ) – Plumbing for a More Certain Future
GoTo Gojek Tokopedia (GOTO IJ) – Plumbing for a More Certain Future
- GoTo senior management hosted an analyst call last week to provide further details on both the reasons behind the Tokopedia sale and the potential synergies and benefits of the move.
- After the deal completes, GoTo will cede all management control but will receive a revenue stream from core GTV, which excludes digital products and certain big-ticket items.
- Plumbing for this deal effectively de-risks its exposure to e-commerce given it is not required to inject any new capital but it does take away future optionality on Tokpedia’s growth.
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