Thiel-backed Bridgetown considers merger with Tokopedia: Report
Peter Thiel-backed blank-check acquisition firm Bridgetown Holdings is considering a potential merger with Indonesia's PT Tokopedia, Bloomberg reported. SoftBank-backed Tokopedia could be valued between $8-$10 billion in a deal. Deliberations are at a preliminary stage and Bridgetown could still look at other potential targets. Bridgetown's shares soared 25% in premarket trading after the report.