The online classifieds website has been acquired by Impresa Capital, the majority shareholder in the Durban-based Ignition Group.
Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.
The big deals that Prosus should be winning are slipping through its fingers. It’s not a great start for a company set up to be a deal machine.
eBay has agreed to sell its online classifieds business to Norway’s Adevinta for $9.2-billion (R152-billion), ending one of the largest auctions of the year.
eBay would prefer to keep a stake in the classified advertising business it’s selling, according to people familiar with the matter, lessening the chances Prosus will win the hotly-contested auction.
Prosus handed in the highest offer for eBay’s classifieds unit, putting the Naspers-owned business in pole position to win one of the largest auction processes this year.
Naspers and an investor group backed by German publisher Axel Springer are among suitors that submitted bids for eBay’s classified advertising business, according to people familiar with the matter.
Crypto enthusiasts at this year’s Consensus conference might feel disappointed that some of the most optimistic speculation underpinning surging token prices isn’t panning out.
Giraffe, the South African start-up using technology to help tackle unemployment in South Africa through an automated recruitment service, has announced it has raised a seed round of funding led by Silicon Valley venture firm Omidyar Network. The parties have not
As Internet access spread across the globe, a handful of giant American corporations ended up dominating industries. Google in search, Amazon in online shopping and Facebook in social networking. The one market that has proved consistently immune to these titans is China. Now, one of China’s homegrown Internet giants