Naspers buys Turkish shopping website

Published Jul 7, 2011

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MIH Allegro, Polish subsidiary of South African media and e-commerce firm Naspers, 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. - Reuters

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