Naspers

  • Mobile App Developer Movile Doubles Down On Kids Content

    Mobile App Developer Movile Doubles Down On Kids Content

    Movile, the Brazilian mobile shopping and entertainment company is doubling down on its investment in kids programming and entertainment with a new $5 million investment. The move, which occurred earlier this month, is the latest in a series of investments meant to bulk up the company’s mobile platform as it expands internationally. Movile is funneling the money into its PlayKids¬†a, an… Read More

  • Tencent, Naspers JV Ibibo Buys Redbus To Grow Its Online Travel Empire In India

    Tencent, Naspers JV Ibibo Buys Redbus To Grow Its Online Travel Empire In India

    China’s internet giant Tencent and South Africa’s media powerhouse Naspers are doubling down on tech in India. TechCrunch has just found out that Ibibo, their domestic joint venture, has acquired redBus.in, an online bus ticketing company that has become a dominant and disruptive force in how people travel in the country. A formal announcement is coming out shortly. Read More

  • Russia’s Avito Becomes World’s 3rd Biggest Classifieds Site After $570M Deal With Naspers

    Russia’s Avito Becomes World’s 3rd Biggest Classifieds Site After $570M Deal With Naspers

    South Africa’s Naspers has agreed to merge its two Russian online classified Web site with Avito in a $570 million deal that will make Avito the world’s third biggest classified site after Craigslist and China’s 58.com. Read More

  • LiveChat Founders Buy Out Investor Naspers, Regain 60% Stake

    LiveChat Founders Buy Out Investor Naspers, Regain 60% Stake

    Exclusive - The founding team of LiveChat, which delivers real-time software and web analytics solutions for e-commerce sales and support teams, has completed a management buy-out to regain control over the company, TechCrunch has learned. The founders were looking to get back a controlling equity stake in the company, and teamed up with PE firm Tar Heel Capital to acquire a 60% stake… Read More

  • Naspers values Turkish ecommerce giant markafoni at $200 million, buys 70% stake

    Multimedia juggernaut Naspers has entered the Turkish internet market with a bang by acquiring approximately 70 percent of the shares of markafoni, a Turkish private shopping club, through its subsidiary MIH-Allegro. Our source in Turkey says the investment values markafoni at around $200 million. Markafoni is the third biggest ecommerce company in Turkey, and has ambitions to become a… Read More

  • Yes, There Are Tech Startups in Nigeria. Here Are My Favorites.

    Last week I wrote about Computer Village, where many of the gadget-hounds in Lagos go to get their gadgety fix. But what about new technology being developed in the country? The city’s tech entrepreneur scene is small, but several people are working on changing that. Oo Nwoye–¬† or @oothenigerian as he’s known on Twitter– is one of the more enthusiastic champions of… Read More

  • Naspers Buys Controlling Interest In Media Sharing, Social Shopping Site Multiply

    The Myriad International Holdings unit of Naspers has acquired a controlling interest in social networking and shopping site operator Multiply, we’ve learned. Multiply will continue to operate under the same management team. This company was originally founded in 2004 and raised $26.6 million in venture capital funding over the past few years in a bid to compete against the likes of… Read More

  • DST completes purchase of Odnoklassniki.ru, exits Nasza-Klasa.pl

    Internet investment group Digital Sky Technologies (DST) today formally announced the acquisition of Russian social network Odnoklassniki.ru, which we reported on last week. DST has bought out out the minority shareholders in Forticom Group Limited – which it now fully owns – and Odnoklassniki, and interestingly transferred its interest in the Polish social network Nasza-Klasa.pl… Read More

  • DST Tightens Its Grip On Russian Social Networking Scene Amidst IPO Plans

    Internet investment group Digital Sky Technologies (DST) today formally announced the acquisition of Russian social network Odnoklassniki.ru, which we reported on last week. DST has bought out out the minority shareholders in Forticom Group Limited – which it now fully owns – and Odnoklassniki, and interestingly transferred its interest in the Polish social network Nasza-Klasa.pl… Read More

  • Naspers Makes Strategic Investment In Craigslist Competitor OLX

    We’ve been hearing recently that South African media conglomerate and recent DST investor Naspers was sniffing around Crasiglist competitor OLX. Today, we confirmed with OLX co-founders Alec Oxenford and Fabrice Grinda that Naspers has made a strategic investment in the online classifieds company. While Buenos Aires-based OLX is not disclosing the amount invested, we’ve heard… Read More

  • Naspers Buys 28.7% Of Facebook, Zynga Investor And ICQ Owner DST

    A unit of international media group Naspers, namely its subsidiary Myriad International Holdings, is to buy a 28.7% stake in Digital Sky Technologies (DST), the Russian firm behind investments in notable Internet companies like Facebook, Groupon and Zynga. Naspers will be investing $388 million in cash, and contribute its 39.3% stake in Mail.ru into DST. Concurrently, Mail.ru management and… Read More

  • MXit: The South African Mobile Company You Should Know

    I’ve been to Africa three times in the last year, twice to Rwanda and last week to Cape Town. But people tell me I still haven’t seen “The Real Africa.” Rwanda—as I’ve written—has had a major rebuild after its horrific genocide some 15 years ago, and even in the poorest parts of the country boast far better access to water, power and technology… Read More

  • Central European asset roll-up as Naspers looks to buy Forticom

    It looks like some major consolidation is about to go down in the Central European Internet market, and in particular Poland. According to local newspaper reports, the largest Internet group in the region, Naspers/MIH Group, is conducting due diligence of assets belonging to DST (Digital Sky Technology)-owned holding Forticom. Naspers/MIH Group and DST already together own the largest… Read More

  • Naspers Could Be The Next Owner Of ICQ (And Why That Would Make Sense)

    Last week, it was reported that AOL – amid restructuring efforts in the lead-up to the imminent Time Warner spin-off and IPO – was putting its instant messaging service unit ICQ on the block and had hired bankers Allen & Co. and Morgan Stanley to assist in the sales process. According to the reports, AOL was looking to offload the asset for $300 million and talking to a pair… Read More

  • European Mobile VoIP Startup Nimbuzz Raises $15 Million

    Mike Butcher at TechCrunch UK reports: Word has reached me that Netherlands-based Nimbuzz, the mobile VoIP and IM startup that extends into social networks, has raised $15 million in a second round led by Naspers/MIH, with Nimbuzz’s other major existing investor Mangrove Capital Partners also participating. It’s already had $10 million from Mangrove (the original Skype investor). Read More