Schibsted completed the acquisition of Milanuncios.com, one of the top generalist online classifieds companies in Spain. And also Avito in Morocco.
Naspers Limited, Schibsted Media Group, Telenor Group, and Singapore Press Holdings establish joint ventures for the development of their online classifieds platforms in four key markets – Brazil, Indonesia, Thailand and Bangladesh.
The transaction will bring substantial benefits to consumers. Combining the platforms will make it faster and easier than ever for people to trade and turn their items into cash. They will be able to choose from a wider selection of items and be more successful in selling their own items to a larger audience of buyers. By coming together, the businesses will also be able to share cost, expertise and people to more effectively build awareness of the benefits of a vibrant online classifieds offering to consumers.