The Naspers unit gave up its stake in Russia’s largest social network for nothing, walking away from the company.
Browsing: Avito
Prosus, the Dutch-based technology investor owned by Naspers, said it has agreed to sell its Russian online marketplace Avito.
Naspers-controlled technology investor Prosus has decided to exit its shareholding in Russian classifieds business Avito.
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.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss why Facebook is planning to make WhatsApp, Messenger and Instagram interopable and the implications of the move.
Naspers will focus on consolidating technologies and harnessing artificial intelligence across its e-commerce business after taking full control of Russia’s largest classified advertising platform in a $1.1-billion deal.
Naspers said on Friday that it is investing almost $1.2-billion (about R16-billion) to buy an additional 29.1% stake in Russian classifieds business Avito.
Naspers plans to sell 17,1m ordinary shares in order to raise US$2,5bn (about R36bn), the company announced on Friday. Naspers said in a statement that it will use the
Shares in technology and media giant Naspers came under selling pressure late on Friday afternoon after it announced plans to raise as much as US$2,5bn (about R36bn) through a capital-raising exercise. Shares in Naspers were trading down by almost 4% shortly
It’s no surprise that Internet and media group Naspers on Friday announced a US$1,2bn (R16bn) deal to become the largest shareholder in Avito, the leading online classifieds platform in Russia, Mof Terreblanche, a director of Stonehage Investment Partners, said on Friday