South Africa media group, Naspers, and its shares in 'money spinner' China online gaming company Tencent Holdings, are paying off as are the two companies' investment synergies. The two corporate investors have merged two investments, BuyThePrice.com and Tradus.com, to create a dominate player in the India buyer-seller e-commerce sector.
Naspers, a South Africa-based multinational group of media and e-commerce platforms, listed on the Johannesburg Stock Exchange, has acquired BuyThePrice.com (BTP), an e-com marketplace owned and operated by Hyderabad-based MyZingo eCommerce Service Pvt Ltd, and merged it with an existing investment, Tradus.com. The entire BuyThePrice catalogue will be available on Tradus.com. Financial details of the investment have not been made public. News of the deal was first reported by MediaNama.
Tradus is part of the IbiboGroup, which operates a portfolio…
