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Naspers Buys Majority Stake In Avito, $1.2B

Naspers is investing in Russia based Avito, known as the third largest classifieds site in the world, with a $1.2 billion dollar investment, increasing existing ownership of 17.4% to 69.7%. Naspers is a South African conglomerate that has also invest in China’s Tencent. #20151023 #TC201543

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