Announced
Completed
Financials
Tags
Majority
Single Bidder
mobile classifieds
Private
Completed
Singapore
online classifieds platforms
Acquisition
Friendly
Customer Relationship Management
classifieds platforms
Merger
Synopsis
701Search, the online marketplace owned by Telenor Group, completed a merger with Carousell, an online mobile classified service provider. The transaction was closed immediately, as no regulatory approval was required. "I am excited to work with our new teammates to learn about the dynamics of these local markets, create win-win opportunities that are mutually beneficial for our community of users, and inspire even more people to start selling and buying,” Quek Siu Rui, Carousell CO-Founder and CEO.
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