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January 28, 2019 08:17 am GMT

Naspers takes full control of Russian classifieds site Avito in $1.16B deal

South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network of online classifieds businesses. That network just got a little larger after Naspers took full control of Russia-based Avito through a new$1.16 billion all-cash investmentto top up its ownership to over 99 percent. Avito […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nkUOKpidSNM/

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