Bukalapak Acquires Price Comparison Site iPrice [UPDATED]
Transaction value of IDR 1,97 trillion; post-acquisition, iPrice plans to enter into new verticals and expand to other countries
Bukalapak announced that it has acquired all shares of Malaysian price comparison website iPrice. Through this acquisition, iPrice has the opportunity to accelerate its growth by taking advantage of the synergies between the two groups.
According to information in the disclosure of the Indonesia Stock Exchange (IDX), this agreement was made through Bukalapak's subsidiary, PT Recommerce Internasional Indonesia (RII). This transaction is worth $ 130 thousand (Rp 1,97 trillion).
Bukalapak Director Teddy Oetomo said that there are two points the company aims to acquire iPrice:
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