Naspers buys Turkish e-commerce firm

2011-07-07 10:01

Istanbul - MIH Allegro, Polish subsidiary of Naspers [JSE:NPN] has bought a 71.2% stake in Turkish e-commerce and fashion company Markafoni, Markafoni said in a statement on Thursday.

It did not give the price of the acquisition, but a Turkish technology website reported the price tag at $200m.

Markafoni is the biggest discount shopping website in Turkey.

Naspers said last week it would focus on organic growth and would be less interested in acquisitions.

- is part of the Naspers group.