Gojek and Tokopedia have decided on terms and are seeking investor approval for a merger that could create Indonesia’s largest internet company, a person familiar with the matter said, putting the deal on track for completion as soon as over the summer.

The managements and boards of both startups have agreed on how to proceed with the merger and are now formally seeking approval for the deal from shareholders through a so-called consent package, the person said, asking not to be identified discussing a private matter. The management teams are aligned on strategy and their boards have given significant support, the person added.

The two Indonesian tech pioneers have common investors, including Google, Temasek Holdings Pte and Sequoia Capital India. Tokopedia is also backed by Alibaba Group Holding Ltd., which has its own e-commerce unit in the region, Lazada.

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