Naspers Makes Strategic Investment In Craigslist Competitor OLX

We’ve been hearing recently that South African media conglomerate and recent DST investor Naspers was sniffing around Crasiglist competitor OLX. Today, we confirmed with OLX co-founders Alec Oxenford and Fabrice Grinda that Naspers has made a strategic investment in the online classifieds company. While Buenos Aires-based OLX is not disclosing the amount invested, we’ve heard from sources that the investment was in the range of $20 to $40 million.

Read more from the original source: 
Naspers Makes Strategic Investment In Craigslist Competitor OLX