Transcosmos Investments gains exit through Naspers' acquisition of shopping site operator Multiply.
Naspers, a South Africa-based media group with the sector’s most influential corporate venturing unit, has agreed to buy full control of social networking and shopping site operator Multiply.
Multiply had raised $26.6m from Transcosmos Investments, the corporate venturing division of Japan-based marketing supply chain company Transcosmos, and venture capital firms VantagePoint Venture Partners with Point Judith Capital, according to news provider TechCrunch.
