Tiket.com, an Indonesian online travel booking company, is considering a merger with e-commerce platform Blibli after talks with a blank-check company fell through, according to people familiar with the matter.
The travel firm could join with PT Global Digital Niaga, as Blibli is formally known, ahead of a planned initial public offering in Jakarta, the people said. A first-time share sale for the combined firm could raise about $1 billion, they said, asking not to be identified as the information is private. Both companies count Indonesian conglomerate Djarum Group as a backer.
Tiket was considering going public through ...
