Interswitch Reportedly In Talks To Acquire Konga - Business - Nairaland
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| Interswitch Reportedly In Talks To Acquire Konga by amoss: 8:27pm On Jun 28, 2017 |
Reliable sources within the financial services and fintech sector claim Interswitch is in talks to acquire Konga, one of Nigeria’s major eCommerce site. According to sources, the acquisition has reached an advanced stage with Naspers and Kinnevik AB, two of the major investors in Konga whose investment has not yielded a profit as disclosed by Kinnevik. Naspers is Africa’s most valuable company with over 60% stake in China’s Tencent Holdings with a worth of USD114 billion which the group said it will not sell. Kinnevik is a Swedish tech investment major with over 40% stake in Konga. Konga is in direct competition with Jumia, another general merchandise eCommerce site owned by Rocket Internet and a consortium of other local and regional investors. Read more https://pageone.ng/2017/06/28/interswitch-reportedly-talks-acquire-konga/ 1 Like |
| Re: Interswitch Reportedly In Talks To Acquire Konga by radah(m): 8:38pm On Jun 28, 2017 |
Ehen...make them come buy my own company too... |
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