58.com has acquired local listings service Ganji in a $2.8bn deal that gave Nokia Growth Partners its largest ever exit.
Nokia Growth Partners (NGP), the corporate venturing arm of communications technology provider Nokia, achieved its biggest exit to date on Thursday when online marketplace 58.com acquired a stake in China-based local services platform Ganji.
58.com will take a 43.2% share in Ganji, paying $412m in cash together with 34 million of its shares, which would be worth almost $2.4bn going by 58.com’s share price at the time of publication.
Founded in 2005, Ganji runs an online local services listings service…
