Author: Toby Sterling

Prosus, the Dutch-based technology investor owned by Naspers, said it has agreed to sell its Russian online marketplace Avito.

Prosus and Naspers plan to sell down the massive 28.9% stake Prosus holds in Chinese Internet giant Tencent.

ASML is building machines the size of double-decker buses, weighing over 200t and costing $400-million, in pursuit of the next generation of computer chips.

Prosus said on Friday will cut ties with its Russian online marketplace Avito, and will not seek to benefit economically from its ownership of the business.