Naspers takes full control of Russian classifieds site Avito in $1.16B deal

Naspers takes full control of Russian classifieds site Avito in $1.16B deal
South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network on of online classifieds businesses. That network just got a little larger after Naspers took full control of Russia-based Avito through a new $1.16 billion all-cash investment to top up its ... read more
Source- Techcrunch.comPublished on 2019-01-28By Jon Russell
4 weeks ago
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