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Naspers buys ad website

Oct 03 2011 10:41 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1353.00
Change 3
% Change 0.00
Cumulative volume 505743
Market cap 563.95bn

Last Updated: 19/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - South African media and e-commerce group Naspers [JSE:NPN] has bought eastern European classified website Slando for an undisclosed sum, Slando’s founders said on Monday.

Michael Pennington and Simon Crookall, who created the hugely successful Gumtree online advertising site which was sold to EBay in 2005, sold Slando to Naspers’ Russian internet arm, Myriad Internet Holdings.

Slando has 11 million users in eastern Europe and Russia, and posts adverts ranging from property rentals and sales to dating and jobs.

* Fin24 is a Naspers publication.
naspers  |  ebay  |  e-commerce
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