(3minutes read)
· Prosus, Nasper’s internet company of South Africa is in the race to purchase multinational online retailer eBay’s classifieds business
· The deal will be worth more than US$8 billion, according to market watchers
Prosus, Nasper’s internet company of South Africa is in the race to purchase multinational online retailer eBay’s classifieds business. Market sources point out that Prosus bid is the highest. The final call will have to be taken by the eBay board as to who should be taken to the fold from three bidders. The deal will be worth more than US$8 billion, according to market watchers.
eBay, in April, said it was engaging in “active discussions with multiple parties” for its classifieds business. The names of the other two bidders are not in the public domain. The unit has grossed at US$248 million during the quarter, down compared to the previous year. Naspers is a global internet company and one of the largest technology investors in the world. Naspers’ companies operate and invest in countries and markets across the world with long-term growth potential
Naspers is listed on the Johannesburg Stock Exchange and has an ADR listing on the London Stock Exchange. It has a sizeable investment in Prosus, a consumer internet wing of the Naspers.
