Naspers acquires majority stake in Russian online classifieds group Avito in $1.2 billion transaction

South African Internet and media company Naspers has become the largest shareholder in Avito, the leading online classifieds platform in Russia with more than 35 million unique monthly visitors, acquiring shares from existing shareholders including Northzone, Accel Partners and Kinnevik. Naspers, which initially invested in Avito back in 2013, has increased its stake in the […]