In 2007, South Africa-based media group Naspers had acquired 30% of MXit through its corporate venturing unit, Myiad International Holdings.
World of Avatar, a South Africa-based venture capital firm, has acquired 90% of local mobile social network and chat application MXit for a reported ZAR500m ($60m).
In 2007, South Africa-based media group Naspers had acquired 30% of MXit through its corporate venturing unit, Myriad International Holdings.
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