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Browsing: Movile
Global consumer Internet Company Prosus, which is majority owned by South African Internet Company Naspers, disclosed that it has reached an agreement to buy the remaining 33.3 percent stake in iFood. With a market share of more than 80 percent in the country’s food delivery market, iFood is a Brazilian online food delivery service.
The stake was bought from minority shareholder Just Eat Holding Limited for €1.5 billion in cash plus contingent consideration of up to €300 million. Following the transaction, Prosus and its affiliate company, a Brazilian investor in technology companies, Movile will fully own iFood.
- Prosus, which is majority-owned by South Africa internet group Naspers, announced that it has entered into an agreement to acquire the remaining 33.3 percent stake in iFood.
- The stake was bought from minority shareholder Just Eat Holding Limited for €1.5 billion in cash plus contingent consideration of up to €300 million.
- Naspers has