Johannesburg - Naspers [JSE:NPN] plans to purchase more
e-commerce companies after making R4.7bn in acquisitions in the six months
leading up to September this year, according to a media report on Wednesday.
Naspers CEO Koos Bekker said the company would make as many
as 20 more acquisitions in e-commerce leading up to March of next year,
according to Business Report.
Naspers CFO Steve Pacak said the company had found
e-commerce companies to be more reasonably priced in the first seven or eight
months compared to the previous year.
He said sellers had dropped their price expectations
following the less than anticipated results of Zynga, Groupon and the Facebook
initial public offering.
Naspers e-commerce revenue increased by 61% to nearly R4bn.
However, about R1bn in spending on development left it with
a trading loss of R767m.