.
MergerLinks Header Logo

New Deal


Announced

Completed

Naspers-backed OLX completed the acquisition of Dubizzle.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned51%
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

online platform

Online and Social Platforms

United Arab Emirates

Private

Acquisition

Completed

Friendly

Single Bidder

Synopsis

Edit

Naspers-backed OLX, an online classifieds service provider, completed the acquisition of Dubizzle, a Dubai-based provider of a community content website. Previously unreported, the acquisition of the remaining 49% of the UAE classifieds site was disclosed in Naspers's report to shareholders. Naspers had held a 51% controlling stake since 2013.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US