Naspers set to acquire Citrus Pay for up to $180 mn

Jitendra-Gupta,-Founder,-Citrus-Pay4South African media and Internet conglomerate Naspers Ltd is set to acquire Mumbai-based online payments company Citrus Payments Solutions Pvt. Ltd in an all-cash deal, at least two media reports said. The deal size could be between Rs 1,000 crore and Rs 1,200 crore ($150-180 million), according to The Economic Timesand sister publication The Times […]

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UAE’s e-com venture Souq raises record $275M from Tiger Global, Naspers & others

Naspers_feMiddle East-based horizontal e-com venture Souq.com has completed a funding round worth more than $275 million in what is termed as the largest financing of an e-commerce business in the Middle East region. Investors in this round include New York-based Tiger Global Management and South Africa’s Naspers Ltd, both of which had invested in Souq.com […]

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Naspers to get control of Russian online classifieds property Avito for $1.2B

South Africa’s Naspers has inked a deal to buy majority stake in Russian online classifieds platform Avito in a transaction that provides first exit for Swedish investor Kinnevik from its fairly aggressive bet on internet businesses around the world. Naspers already owns 17.4 per cent in Avito and is hiking its holding to 67.9 per […]

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Naspers takes redBus global; launches bus ticketing service in Singapore, Malaysia

Online travel group ibibo, part of South African media conglomerate Naspers Ltd, is taking its bus ticketing service redBus to overseas shores by launching operations in Singapore and Malaysia. redBus would enable travelers to book bus tickets between the two South-East Asian countries in addition to inter-city travel within Malaysia, as per a press statement. […]

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