Announced
Completed
Financials
Sources
Tags
online platform
Online and Social Platforms
United Arab Emirates
Private
Acquisition
Completed
Friendly
Single Bidder
Synopsis
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.
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