JAKARTA -- Indonesia's largest private tech company, Gojek, has obtained an additional $300 million in investment from state-owned mobile operator Telkomsel, both companies announced on Monday, as the "superapp" provider prepares for a historic merger.
Gojek and local e-commerce giant Tokopedia are entering the final stretch of that process, having sought investor approval in early April, and are already telling their employees of their intention to merge. A deal is expected to occur by the end of June at the latest, according to a person privy to the matter.
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