Sources say Naspers has sold off its property solutions firm, Korbitec, to RELX Group‘s LexisNexis, a business research solutions and software for professionals in Accounting, Law and Tax.
South African giant sells off property solutions firm Korbitec
Naspers stated that the acquisition does not include Property24 and PayProp, both of which are tied to Korbitec.
The South African property market is heating up with various sales going on.
Neither party has disclosed the amount involved in the deal and the merger awaits approval from the Competition Commission ofSouthAfrica, the statutory body that regulates business practices in SouthAfrica, Techmoran reports .
RELX indicated that purchasing Korbitec and its wealth of expertise in the property industry allows LexisNexis to expand its legal information provision in South Africa.
The company also stated that the acquisition does not include Property24 and PayProp, both of which are tied to Korbitec.
ADVERTISEMENT
Naspers, is a South African mass media company also recently sold off its e-commerce platform, Kalahari, to Takealot, according to sources.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue
Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA
Court accuses EFCC boss of contempt over handling of Yahaya Bello's case
Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers
Bandits invade Defence Minister's hometown, kill 1, abduct scores
Cardiologist bags 4-year jail term over patient deaths
We must continue to support President Tinubu - Ododo tells Kogi residents
Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund
Husband begs IGP to find his wife who went missing on official police duty
ADVERTISEMENT