mih group

  • 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

  • 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