06 Jul 2017
Frontier Digital Ventures recently announced that it will exercise an option to increase its ownership in general classifieds site Encuentra24 (operating in Central America) from 38.7 percent to 42.1 percent for a cash payment of $1.1 million U.S. out of FDV's existing cash reserves. This is the second time in about six months that FDV injected capital into the site. In December last year, FDV also injected capital into Encuentra24. On what basis does FDV make these decisions?