Browsing: Souq

News
How Takealot will spend the Naspers millions

Online retail store Takealot.com has been growing at a compound rate of 107% for the last four years as younger South Africans slowly but surely become more comfortable with online shopping. Despite this rapid growth

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Naspers to pump R1bn into Takealot

JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online – which owns Takealot.com and other assets – in the process taking a majority stake in the company. In a statement

News
Naspers sells to Amazon

Amazon.com has agreed to buy Dubai-based online retailer Souq.com, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce

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Amazon ‘quits talks’ with Naspers’s Souq.com

Amazon.com and India’s Flipkart Online Services have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, according to two people with knowledge of the matter. The e-commerce business is now seeking

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Naspers sees education as new growth market

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television

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Amazon set to pounce on Naspers’s Souq.com

Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according

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Naspers may sell Souq stake to Amazon

Amazon.com is weighing a bid for a stake in Dubai-based online retailer Souq.com as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake

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Naspers’s annual results in review

Naspers said on Monday that its core headline earnings, a measure the board considers a reliable indicator of sustainable operating performance, grew by 30% to R11,2bn, up from R8,6bn in 2014