Browsing: Naspers

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

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India, Russia, and Brazil.

Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve people’s everyday lives.

Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built, including 99minutos, Avito, Brainly, BUX, BYJU’S, Bykea, Codecademy, DappRadar, DeHaat, dott, ElasticRun, eMAG, Eruditus, Flink, GoodHabitz, Honor, iFood, Klar, LazyPay, letgo, Meesho, Movile, Oda, OLX, PayU, Quick Ride, Red Dot Payment, Remitly, Republic, Shipper, SimilarWeb, Skillsoft, SoloLearn, Swiggy, Udemy, Urban Company and Wolt.…