Caxton, one of South Africa’s biggest media companies on market capitalization, is entering the local online classifieds market in a big way.
On Febr. 22 Yun Chen Capital Cayman, an affiliate of Ping An Group, acquired about 6.5 percent of the total issued shares of Australia's Telstra Holdings. The move pushed Yun Chen Capital Cayman's beneficial shareholding in Autohome Inc. to about 53.9 percent.
CoStar Group, parent company of Apartments.com and other businesses, reported "wow!" earnings with EBITDA in 2016 more than double what the company reported in 2015. CoStar said it is on target to top $1 billion in revenue in 2018 with a 40 percent margin target.
The deal is off! Fang Holdings (NYSE: SFUN), operator of Soufun.com, a leading real estate site in China, announced on Febr. 21 that it had shelved a plan to move its listing from the NYSE to Shanghai Stock Exchange (SSE) on mainland China, where the share would most likely have been given a higher valuation by investors.
Last week financier Mats Qviberg and his company Custos bought Metro Sweden from Kinnevik for a mere SEK 50 million ($5.5 million U.S.). The deal concerns only the Swedish part of Metro. Kinnevik remains owner of the international part - which is still for sale.
Modacruz, the popular site focused on preloved, branded clothes in Turkey, recently began to sell products outside its narrow fashion focus for the first time.
Firstbird, the Vienna-based recruiting-tech start-up, recently introduced its first app called Firstbird2Go. Firstbird is a software as a service (SaaS) platform that enables companies to generate candidate referrals from current and former employees, and business contacts.
Mercari, Japan-based mobile flea market, acquired Zawatt, which owns pre-loved auction app Smaoku.
Greg Hywood, chief executive and managing director of Fairfax Media, confirmed today that the unbundling of Domain Group, its real estate business, from Fairfax Media, will go ahead, and that Antony Catalano will be CEO of the listed Domain Group.
CarTrade, an auto site in India, raised $55 million U.S. in its Series-G round of funding, reported Economic Times (ET).