Naspers concludes acquisition of AutoTrader and merges it with OLX

South Africa's online automobile marketplace, AutoTrader, has officially merged with OLX Group. Both digital companies are owned by South African technology and media investment company, Naspers. Earlier in September 2017, Naspers tabled its offer to acquire AutoTrader. "We bring the expertise from the niche verticals of car, truck, commercial, agriculture,…

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Naspers Invests $775 Million More Into Delivery Hero

South Africa's Naspers has invested a further $775 Million More Into Delivery Hero, an online food and delivery marketplace. This increases Naspers' stake in the company to 23,6% after it initially invested $421 million into the company in May 2017. The investment sees Naspers buying the shares from Rocket…

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Naspers Wants To Acquire AutoTrader

Naspers wants to acquire car classifieds company, AutoTrader. This is based on an application filed by Naspers with South Africa's Competition Comission. AutoTrader turned 25 this year, and recently ended the publication of its print magazine. AutoTrader used to have a print magazine which it eventually stopped publishing earlier in…

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Naspers Reports Positive Financial Results Thanks Mostly To Tencent

Naspers announced positive financial results for the 2017 financial year ending March 2017. One of the highlighlts is that the company's revenue grew by 19% year-on-year to $14,6 billion. Notably, Naspers businesses outside of South Africa contributed 80% of revenues. This contribution has increased year-on-year because for the 2016…

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