Two of South Africa’s most popular e-commerce sites have announced the success of a merger that will create the largest online fashion offering in South Africa.
Naspers has acquired Tiger Global Management’s stake in South Africa’s largest e-commerce retailer Takealot, and now owns an effective 96% (91% fully diluted) of the business. This was revealed in its provisional
The late Monday afternoon announcement that online fashion retailers Spree and Superbalist would merge ought not to have caught anyone unawares. Both e-commerce players are already majority owned by Naspers: it owns
Media24 and Takealot will merge their online fashion stores Spree and Superbalist to create a new platform for the sale of fashion goods on the Internet. The new venture will be held 51% by Media24, Spree’s current
Self-tracking, body hacking, life-logging, wearables, the quantified self — you may have heard these terms being thrown around a lot in the past year thanks to companies such as Fitbit, Nike+ and Jawbone. It was these three companies that were largely