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Naspers to get control of Russian online classifieds property Avito for $1.2B

Friday, October 23, 2015 | More »

South Africa’s Naspers has inked a deal to buy a majority stake in Russian online classifieds platform Avito in a transaction that provides first exit for Swedish investor Kinnevik from its fairly aggressive bet on internet businesses around the world. Naspers already owns 17.4 per cent in Avi...