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M&A: Naspers acquires 30.7% of the Russian webstore eSky

Naspers (RSA) acquired 30.7% of Neralona Investments Limited which owns online store of children's goods eSky, the company informed in its Q1 2014 report.

The transaction amounting to 200 million South African rands ($19 million) was finalized in February.

Naspers is a transnational media company principally committed to electronic mass media and print media businesses. The group's operations are focused on the Republic of South Africa and other African countries to the south of the Sahara as well as Greece, China, the Netherlands, the U.S., and Thailand. The strategy of Naspers is to create media content, build brand names around it, and manage the platforms distributing the content. Naspers specializes in investments in web projects, particularly in emerging markets including investments in web resources such as Tencent in China and Sanook! in Thailand.

Naspers owns a 29% stake in Mail.ru Group.

AK&M "M&A Market"

"AK&M", 23.06.2014 15:37


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