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Article: Naspers Limited Announces Acquisition of Brazilian E-Commerce Operator BuscaPe.
- Article from:
- Business Wire
- Article date:
- September 29, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CAPE TOWN, South Africa -- Naspers Limited (JSE:NPN) (LSE:NPSN) today announced that it has acquired 91% of the share capital of Brazilian e-commerce group BuscaPe.com Inc. for an amount of US$342m. The acquisition will be funded from available resources.
Headquartered in Sao Paulo, the BuscaPe group is a leading provider of e-commerce services in Latin America. Its various properties enable consumers to make informed purchase decisions and transact on the internet. The core business generates lead-referral revenues from merchants and other listing providers.
The group started some ten years ago from the basis of comparison shopping. Today BuscaPe is ...