Naspers’ Property24.com has acquired its competitor, Private Property.
According to iOL, Naspers’ investment relations officer, Meloy Horn, confirmed the deal last Friday.
“Property 24 has reached an agreement to acquire Private Property, subject to approvals. Due to confidentiality agreements, details of the transaction will only be disclosed once the deal closes,” Horn said.
Property24.com is South Africa’s largest property search portal and is one of the verticals in Naspers’ arsenal of Classifieds’ properties.
Naspers also owns OLX, letgo and dubizzle.
Private Property is one of the properties of Ringier One Africa Media and is present in South Africa and Nigeria
