Browsing: Avito

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Naspers seeks R36bn for acquisitions

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

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Naspers falls on capital raising

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

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Avito, Tencent fuel Naspers share surge

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

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Naspers in R16bn Russian acquisition

South African media and technology giant Naspers on Friday morning announced it is upping its stake in Russian classifieds platform Avito from 17,4% to 67,9% in a deal valued at a whopping US$1,2bn (about R16bn). In a statement, Naspers said it invested initially