In an agreement between South African company Naspers and Russia’s largest free internet classifieds company Avito.ru, the latter will merge with its two main competitors – Slando.ru and OLX.ru, both of which are owned by Naspers. In exchange for an 18.6 per cent stake of the company, Naspers will invest in Avito.ru to the tune [...]

The South African media and online business giant Naspers has announced the purchase of a majority stake,  around 80 percent, in Netretail Holding for nearly EUR 230 million. Netretail Holding (www.nrholding.com ) Netretail, founded in 2000 by Ondřej Fryc, Peter Burcal and Jan Mensik, the Czech internet retailer company has become  a market leader in the CEE in [...]

Part eBay-owned online classifieds company Slando has been acquired in full by MIH Allegro, part of South Africa’s Naspers group.

South Africa’s Naspers Limited has announced an agreement to acquire a 28.7% stake in Digital Sky Technologies (DST) through a combination of two strategic investments. Through subsidiary Myriad International Holdings, Naspers will give DST its current 39.9% stake in Mail.ru as well as invest USD $388 million in cash. Other Mail.ru minority investors will also [...]

Mail.ru co-owners Digital Sky Technologies (DST) and Naspers appear to be engaged in talks that could result in a merger of the two companies’ social networking holdings in Poland. Russian-based DST owns a 75% stake in Nasza-Klasa.pl while the South African-based Naspers owns the Gadu Gadu instant messaging service. Naspers is believed to be looking [...]

Russia’s leading internet portal, Mail.ru, has announced plans to acquire online gaming giant Astrum Online and merge the two companies. Russia’s Federal Antimonopoly Service (FAS) recently gave Naspers, which owns a 43% stake in Mail.ru, the go-ahead to acquire between 38% and 100% of Astrum from majority shareholder Digital Sky Technologies. It’s unclear what the [...]

MCI Management is poised to sell internet portal Bankier.pl to Allegro, an E-commerce portal owned by South African media giant Naspers. Naspers has made a public tender offer to purchase Bankier.pl with plans to integrate the portal’s financial services with Allegro’s e-commerce platform. One of Bankier’s current investors has already stepped on board with the [...]

UAProm, the Ukraine based provider of e-commerce and business directory services has recently come under new ownership. Eastern Europe’s leading e-commerce group, MIH Allegro Group, has acquired a 51% stake in UAProm for an undisclosed amount to be invested in the company’s business development. As part of the deal UAProm retains a 49% stake and [...]

iEurope Capital sold Vatera.hu to MIH Internet Europe, a subsidiary of Naspers Limited. Vatera.hu Kft. (www.vatera.hu) Vatera.hu was established in the year 2000 and as a full-service auction platform operator the Company offers sales solutions for Internet trading by private individuals and companies, closed auctions for dealers, as well as IT and vehicle park liquidations [...]

South African media group Naspers, which first purchased a stake in Russia’s mail.ru in January 2007, has made an additional purchase and is now the majority stock holder. The latest deal was valued at approximately USD 25 million, and combined with the first purchase at USD 165 million, Naspers total investment is estimated in the [...]