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Naspers puts up another $70mln for Takealot

Image Credit: Businesstech.co.za

Naspers, the continent’s largest listed company, is investing almost $70 million in Takealot which is also backed by Tiger Global Management. The deal, which is subject to Competition Commission approval, will increase Naspers’ stake in the South African e-commerce company to 53.5%, with Tiger Global’s stake shrinking to 34%. In 2014, when Takealot merged with Naspers-owned Kalahari, Tiger Global and Naspers each had a 41% share in the company.

Read more at Forbes…

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