Indonesia antitrust agency gives ‘conditional’ go-ahead for TikTok’s Tokopedia takeover
Indonesia’s antitrust agency has given its “conditional” blessing to last year’s takeover of the country’s biggest e-commerce platform Tokopedia by TikTok after ending its probe into potential monopoly risks, it said on Wednesday.
TikTok, owned by China’s ByteDance, completed a deal in January 2024 to buy 75.01% of Tokopedia for $840 million from GoTo.
The antitrust agency (KPPU) said it had given conditional approval to the deal after Tokopedia and TikTok agreed to comply with all the requirements asked of them.
