Naspers takes full control of Russian classifieds site Avito in $1.16B deal – TechCrunch
South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network of online classifieds businesses. That network just got a little larger after Naspers took full control of Russia-based Avito through a new $1.16 billion all-cash investment to top up its ownership to over 99 percent. Avito…