Tag: Investors


MercadoLibre, Andreani team up to invest

MercadoLibre, Andreani team up to invest

MercadoLibre (Nasdaq:MELI), a major Latin America technology firm, has teamed up with Grupo Logistico Andreani to invest in EmporioCompras.com, an e-commerce website, which focuses on home, fashion, luggage and toys. As a result of the deal, both companies are now shareholders of EmporioCompras.com. According to Argentinian media, the e-commerce joint holding seeks to position itself as the lea


Fairfax buys All Homes in $50 mil deal

Fairfax buys All Homes in $50 mil deal

Fairfax owned Domain.com.au, a real estate site, has purchased All Homes for $50 million, reported the Australian Associated Press. All Homes serves around 180 real estate agencies in Canberra and the surrounding areas of the Australia Capital Territory. The move is seen as an effort by Fairfax to strengthen its business to take on leader RealEstate.com.au. The deal is subject to regulato


Lagos angels invest in Nigeria’s Hutbay

Lagos angels invest in Nigeria’s Hutbay

Nigeria's Hutbay.com, a real estate marketplace launched in August 2012 in Lagos, raised an undisclosed amount from the Lagos Angel Network, according to a report by local techblog TechCabal. The injection comes in the form of cash and hands-on mentorship. Hutbay provides comprehens



MercadoLibre plans $300 million offering

Latin America’s major ecommerce company, MercadoLibre (Nasdaq:MELI), plans to offer $300 million in convertible senior notes due in 2019, the company announced this week. The notes will pay interest twice a year until July 1, 2019. “Upon conversion, holders of the notes will receive shares of MercadoLibre's common stock, cash or a combination at MercadoLibre's election,” said the Latin Ameri



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