Naspers invests $1.16 bln in Russian classifieds platform Avito

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    christelpruett1
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    <br>Jan 25 (Reuters) – South African media and e-commerce firm Naspers is investing $1.16 billion in Avito to acquire a bigger stake in the Russian classified advertising platform, Slot Gacor Jackpot Terbesar it said on Friday.<br> <br>The cash investment will take Naspers’ stake in Avito to 99.6 percent from 70.4 percent on a fully diluted basis.<br> <br>The news confirms a Reuters report from earlier on Thursday that Naspers was in talks to increase its stake in Avito.

    (Reporting by Tanishaa Nadkar and Pushkala Aripaka in Bengaluru; Editing by Sai Sachin Ravikumar)<br>

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