Naspers to raise US$2.5billion for acquisitions of e-commerce companies

Naspers, a South African-based multinational Internet and media group plans to raise US$2.5 billion through the sale of 17.1 million shares, according to a report by Fin24. The money will be used to fund acquisitions of Internet and e-commerce companies, including extending its stake in Russian-based classifieds portal, Avito from 17.4% to 67.9%, the report......Continue to read