• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Naspers joins MXit frenzy

Jan 26 2007 13:13
Johannesburg - Media group Naspers (NPN) on Friday announced the acquisition of a 30% stake in popular instant-messaging service MXit Lifestyle (Pty) Ltd for an undisclosed amount.

MXit is an instant-messaging service for mobile phones. It allows users to send and receive text messages using a mobile phone at a fraction of the cost of an SMS. MXit currently has about three million users.

"MXit entertained investment offers locally and internationally for more than 12 months and we set ourselves strict criteria in terms of investment, culture and synergies," MXit founder and CEO Herman Heunis said.

"We are very excited about teaming up with a South African company that has such an extensive global footprint, not only in media but other technology sectors."

Commenting on the acquisition, Naspers global Internet CEO Antonie Roux said: "MXit has a wonderful product and an impressive entrepreneurial management team. We are delighted at the prospect of working with them."

  • Fin24 is part of 24.com, a Naspers group company.
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Nkandla: Zuma 'still looking for undue benefit'

President Jacob Zuma has told supporters at an election rally in Mpumalanga that he had not wrongfully benefited from the upgrade to his Nkandla home.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...