Tokopedia to Own Stake In Indonesian TV Station After the Latter Goes Public

8.5% of PT Net Visi Media, the holding company that manages NET TV, will be owned by Tokopedia


Teckwai Saw

29 Dec, 2021

Tokopedia to Own Stake In Indonesian TV Station After the Latter Goes Public | BEAMSTART News

- From our Sponsors -

Indonesian conglomerate, Indika Energy is preparing to bring one of their companies, NET TV, public on the Indonesian Stock Exchange (IDX) via an initial public offering (IPO).

As a result of the IPO, Tokopedia is set to own 8.5% of PT Net Visi Media, the company that manages NET TV.

NET TV will go public with the issuer code NETV on 25th January, 2022.

Latest Jobs

The prospectus published by PT Net Visi Media stated it will offer 765 million new shares with a public offering price of IDR 190 to IDR 196 per share.

Hence, the maximum amount of funds that can be acquired is approximately IDR 150 billion via the listing.

In 2013, NET TV appeared on the small screen after it was fully acquired by Indika from PT Televisi Anak Spacetoon.

- Featured Sponsor -

During November 2017, NET TV inked an agreement with Tokopedia initially, to transfer convertible bonds worth IDR 405 billion.

It was only on August 2018, that Tokopedia transferred the bonds to PT Spirit Bambu Runcing, a subsidiary company of Tokopedia.

It is mentioned that the conversion of the bonds to equity will take place at the same time as NET TV's IPO.

Meanwhile, a merger between Gojek and Tokopedia, under GoTo Group, is set to go public really soon.

- From our Sponsors -

Latest Jobs

Account Executive

CommandBar

San Francisco, United States

Full Time

Salary Undisclosed

Pakistan Supply Operations Lead

Fleek

San Francisco, United States

Full Time

Salary Undisclosed

Senior Software Engineer, Product

Gusto

San Francisco, United States

Full Time

USD 110000 — USD 256000 yearly

People Operations Leader

AtoB

San Francisco, United States

Full Time

Salary Undisclosed

Executive Assistant to Co-founders

Dost Education

Delhi, India, United States

Full Time

Salary Undisclosed

Software Engineer

Fizz

United States

Full Time

USD 80000 — USD 150000 yearly

Senior Software engineer, Founding team

Aviator

San Francisco, United States

Full Time

Salary Undisclosed

QA Engineer (Part-time Ok)

Swifteam, Inc.

Santa Clara, CA, United States

Full Time

USD 30000 — USD 60000 yearly

Data Scientist

Inspectify

Seattle, WA, United States

Full Time

Salary Undisclosed

Product Operations (Fintech)

Zeal

San Francisco, United States

Full Time

USD 75000 — USD 90000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).