Indonesian ride-hailing and payments company Gojek and the country’s leading e-commerce business Tokopedia are close to creating a new e-commerce giant that would cover a broad variety of the digital economy for consumers not just domestically but across Southeast Asia.

On April 9, the companies have asked their shareholders for approval to merge, and a merger could be finalized in a few weeks after getting sufficient shareholder support, various media outlets reported.

Such a deal would create an e-commerce behemoth valued at $18 billion offerings online shopping, courier services, ride-hailing, food delivery, mobile payment, and many other digital services.

A successful deal could transform the landscape not just in Indonesia’s e-commerce market, but across a number of Southeast Asian countries where the two companies are either already active or plan to expand to.

According to Investvine