Spanish mobile marketplace Wallapop, which merged with marketplace LetGo in the U.S. in 2016, has sold its stake in the company for $189 million. The story emerged from Naspers' financial documents, according to tech news site Kippel01.
Swiss media group Ringier AG has acquired a minority stake in the Berlin-based blockchain startup Bot Labs. The startup was founded by Hubert Burda Media, operator of careers network Xing, together with Ingo Rübe, the former CTO of the national publishing business at Burda.
Zoopla founder Alex Chesterman has raised £30 million (£38.4 million U.S.) to launch an auto portal called Cazoo. The round was led by Stride Capital, with backing from DMGT, Octopus Ventures, Entree Capital and Delin Capital.
Fang Holdings Ltd. (NYSE: SFUN), formerly China’s largest property listings platform, continues to flounder in 2018 after seeing revenues fall by more than 37 percent in the first half of the year. Last year’s results were themselves considered very disappointing, indicating the scale of the challenge now faced by the embattled firm.
South African media giant Naspers' classifieds businesses, including LetGo, turned profitable during the first half of the 2019 financial year (ended 30 Sept. 2018). This is according to the company's H1 interim results, released today.
Indian automotive marketplace CarDekho has acquired used-car auction portal Carbiqi in an all-stock deal, in a bid to move into the offline car auction market.
Tokyo-headquartered Zigexn Inc., which operates multiple auto, jobs and property sites, has acquired Yahoo Japan's used-cars exporting site TradeCarView.com. The price and terms of the deal were not disclosed.
Apax Partners, the U.K.-based private equity firm that presented a $1.7 billion U.S. bid for Trade Me last week, may have a rival bidder in U.S. firm Hellman & Friedman.
U.S.-based KAR Auction Services, via its European subsidiary ADESA Remarketing, has just bought Belgium-based used-auto auction and remarketing site CarsOnTheWeb for at least $103 million.
MZN Property Group, the owner of Polish real estate site Morizon.pl and several other real estate verticals, increased both its revenue (by 34.6 percent) and gross profit (by 4.4 percent) in Q3 FY2018.
