Naspers Polish unit buys Turkish shopping website
MIH Allegro, Polish subsidiary of South African media and e-commerce firm Naspers (NPNJn.J) has bought a 71.2 percent stake in Turkish e-commerce and fashion company Markafoni, Markafoni said in a statement on Thursday.
It did not give the price of the acquisition, but a Turkish technology website reported the price tag at $200 million.
Markafoni is the biggest discount shopping website in Turkey.
Naspers said last week it would focus on organic growth and would be less interested in acquisitions.
Markafoni is the biggest discount shopping website in Turkey.
Naspers said last week it would focus on organic growth and would be less interested in acquisitions.
Last Update: July 08, 2011 17:07