Dhea Rakhmatika Utami, Yunieta Anny Nainggolan and Subiakto Soekarno 2025. FROM MERGER TO DIVESTITURE: FINANCIAL PERFORMANCE, ECONOMIC VALUE ADDED, AND MARKET REACTION TO GOTO’S SALE OF TOKOPEDIA TO BYTEDANCE. Multidiciplinary Output Research For Actual and International Issue (MORFAI). 5, 6 (Nov. 2025), 8320–8334. DOI:https://doi.org/10.54443/morfai.v5i6.4526.