Represented GoTo in its strategic partnership with TikTok Pte. Ltd., a global leader in entertainment. This alliance integrates Tokopedia and TikTok Shop Indonesia under PT Tokopedia, with TikTok acquiring a controlling stake and committing over US$1.5 billion in long-term growth without further dilution to GoTo. This deal is noteworthy for its potential to significantly influence Indonesia’s digital economy and promote the growth of micro, small, and medium enterprises (MSMEs). Our TMT team advised GoTo on navigating intricate local e-commerce regulations and assisted the parties in securing the necessary authorisations to finalise the deal.
Partners Bono Daru Adji, Intan Paramita and Inda Ranadireksa from the Mergers & Acquisitions and Capital Markets Practice Group led the transaction, alongside Partner M. Iqsan Sirie from the TMT Practice and Partner Farid Nasution from the Competition & Antitrust Practice.
